CoinVoice has learned that the cryptocurrency and stock trading platform eToro has announced the launch of its IPO, issuing 10 million shares with the stock code "ETOR". The pricing of the shares is between $46 and $50, aiming to raise up to $500 million from investors through Nasdaq, with a valuation reaching $4 billion. eToro will provide half of the issuance, while the remaining 5 million shares are held by existing shareholders.

eToro stated in a statement on May 5 that "the F-1 form registration statement related to the issuance of these securities has been submitted to the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to purchase be accepted, until the registration statement becomes effective."