Israel's eToro targets $4 billion valuation in US IPO

Israel's eToro Group said on Monday it was targeting a valuation of up to $4 billion in its initial public offering in the United States.The retail trading platform and some existing stockholders are aiming to raise as much as $500 million by offering 10 million shares priced between $46 and $50 each.Backed by major financial playersGoldman Sachs, Jefferies, UBS Investment Bank and Citigroup are the lead underwriters for the offering.console.log("2390 BODY2. CatId is:"+catID);const urlParams2 = new URLSearchParams(window.location.search);let anyClipParam = urlParams2.get("anyclip");const subDomain = new URL(document.URL).host.split(".")[0];const isAnyClipEnabled = true;if(anyClipParam){ let anyclipScript = document.createElement('script'); anyclipScript.src = "https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js"; anyclipScript.setAttribute("pubname", "jpostcom"); anyclipScript.setAttribute("widgetname", "0011r00001lcD1iAAE_M12286"); let anyclipContainer = document.querySelector('.divAnyClip'); if (anyclipContainer) { const caption = document.createElement('p'); caption.innerText = 'JPost Videos'; caption.style.fontWeight = 'bold'; caption.style.marginBottom = '8px'; anyclipContainer.appendChild(caption); anyclipContainer.appendChild(anyclipScript); }} else if (catID === 69) { if(isAnyClipEnabled){ console.log("2390 BODY. YES for anyclip script"); let script = document.createElement('script'); script.src = 'https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js'; script.setAttribute('pubname','jpostcom'); script.setAttribute('widgetname','0011r00001lcD1iAAE_M12286'); document.querySelector('.divAnyClip').appendChild(script); }else{ let anyclipScript = document.createElement('script'); anyclipScript.src = "https://live.primis.tech/live/liveView.php?s=119709"; anyclipScript.setAttribute("pubname", "jpostcom"); anyclipScript.setAttribute("widgetname", "0011r00001lcD1iAAE_M12286"); let anyclipContainer = document.querySelector('.divAnyClip'); if (anyclipContainer) { const caption = document.createElement('p'); caption.innerText = 'JPost Videos'; caption.style.fontWeight = 'bold'; caption.style.marginBottom = '8px'; anyclipContainer.appendChild(caption); anyclipContainer.appendChild(anyclipScript); } }console.log("2390 BODY. YES for anyclip script catID == 69"); }else if(catID === 12 ){let widgetid = "60fd6becf6393400049e6535";var script = document.createElement('script');script.src = 'https://static.vidazoo.com/basev/vwpt.js';script.setAttribute('data-widget-id', widgetid); const container = document.querySelector('.divVidazoo'); if (container) { container.appendChild(script); }console.log("2390 BODY. YES for vidazoo script catID == 12"); }else if (catID !== 12) { let anyclipScript = document.createElement('script'); anyclipScript.src = "https://live.primis.tech/live/liveView.php?s=119709"; anyclipScript.setAttribute("pubname", "jpostcom"); anyclipScript.setAttribute("widgetname", "0011r00001lcD1iAAE_M12286"); let anyclipContainer = document.querySelector('.divAnyClip'); if (anyclipContainer) { const caption = document.createElement('p'); caption.innerText = 'JPost Videos'; caption.style.fontWeight = 'bold'; caption.style.marginBottom = '8px'; anyclipContainer.appendChild(caption); anyclipContainer.appendChild(anyclipScript); } console.log("2390 BODY. Added AnyClip script for catID not in catID != 69 && catID != 12 "); } The company will list on the Nasdaq Global Select Market under the symbol "ETOR."Sign up for the Business & Innovation Newsletter >>window.addEventListener('message', (ev)=>{ try{ if(typeof(ev.data) === "object"){ const data = ev.data; if(data && data.type === "resize"){ const height = data.payload.height; document.getElementById("cicIframe2").height = height+45+"px"; } } }catch(err){ console.log(err); } });

Israel's eToro targets $4 billion valuation in US IPO

The Israeli company is being underwritten by UBS and Goldman Sachs among others.

Backed by major financial players