In today’s briefing:
- EToro IPO Preview: High Crypto Exposure, CopyTrader Technology Is Not “Deep Tech”
EToro IPO Preview: High Crypto Exposure, CopyTrader Technology Is Not “Deep Tech”
- EToro Group Ltd., a social investment network and trading-app provider, plans to raise up to $400M in upcoming US IPO.
- Israeli social trading platform was valued at ~$10B during a planned merger with a publicly-listed SPAC in 2022. However, the SPAC deal collapsed.
- EToro launched copy trading services in 2010 and made a big bet on crypto segment. Revenue from cryptoassets accounted for ~96% of total revenue and income in 2024.
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