The Israel -based Crypt of Trade, Etoro, plans IPOs that would rate it to $ 4 billion

Etoro, the Israel -based investment trade platform, has resumed its plan for publicity in the United States after the company stopped the process earlier this year in the midst of market volatility after President Trump tariff ad.

Etoro, which allows customers to market both stocks and crypto, plans to raise $ 500 million in an initial public offer (IPO) that would rate the company up to $ 4 billion, according to a regulator. mud Monday.

The company and some of its shareholders plan to offer a total of 10 million shares with a price scheduled for $ 46 to $ 50, according to the presentation. Etoro It will offer 5 million shares and some of its shareholders, including the venture capital companies Spark Capital and BTM Group, will offer 5 million additional shares.

Funds and accounts managed by wealth manager Black They have expressed interest in buying up to $ 100 million in IPO’s price, according to the presentation.

Etoro moves forward with his North -American OIP after presenting initially to make public in March. The company brake These plans after Trump on April 2 announced strong rates to almost every trade members in the United States. The trade war launched the world economy in disorder, causing the S&P 500 to fall by 12% and the Dowry The industrial average of Jones will fall by 11% in a few days, as investors fled the North -Americans.

Etoro was not the only company that stopped the plans to be made public in the United States, as financial markets were taken out of the rate. Fintech company Bright and the Stubhub ticket platform also delayed its OIP in the midst of economic uncertainty, according to Bloomberg.

Since then, Trump has paused 90 days on his rates and it is said that trade negotiations with foreign countries are in progress. As the macroeconomic backdrop is installed, Etoro has resumed the initial process of public supply. The dry still has to review and approve the presentation of EORO before the company can make public, but the agreement could be priced as soon as next week, according to Bloomberg.

Etoro, founded in 2007, offers a platform for clients to trade assets, including Crypto, similar to the Robinood trade platform based on the United States. Etoro reported total revenue of $ 12.6 billion by 2024 compared to only $ 3.89 billion by 2023, according to the presentation.

By 2023, Etoro was evaluated by $ 3.5 billion in a $ 250 million funding round directed by Ion Group and Softbank Investment Advisers.

The company plans to list the Nasdaq Under the ticker.

This story originally presented to Fortune.com

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