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Robinhood Rival EToro Group and Its Backers Seek $500 Million in US IPO

EToro offers a platform where users can trade and follow top investors in assets including stocks and crypto. — EToro offers a platform where users can trade and follow top investors in assets including stocks and crypto.
Photographer: Tiffany Hagler-Geard/Bloomberg

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By Matthew Griffin

May 5, 2025 at 2:23 PM UTC

Updated on

May 5, 2025 at 3:59 PM UTC

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EToro Group Ltd. and some of its shareholders are seeking to raise as much as $500 million in a US initial public offering, after the trading and investment platform paused its listing plans amid tariff-related stock volatility.

The Israel-based company and some of its shareholders are offering 10 million shares for $46 to $50 each, according to a filing Monday with the US Securities and Exchange Commission. At the top of the price range, EToro would have a market value of about $4 billion based on the outstanding shares listed in its filing.