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, as the retail trading platform finally moves ahead with its long-awaited New York flotation plans. Bnei Brak-based eToro and some existing stockholders are aiming to raise as much as $500 million by offering 10 million shares priced between $46 and $50 each.
Stock markets have regained some poise in recent days amid signs of easing trade tensions, opening the window for companies to go public.
eToro’s listing on…