Chime is a technology company, not a bank,” the company said in its prospectus, noting it’s not a member of the U.S. Federal Deposit Insurance Corp.

The team behind eToro has eyed public markets before but opted not to pull the trigger. It was slated to go public through a special-purpose acquisition company (SPAC) in 2022, which would have valued the business at $10.4 billion. The deal fell apart amid more government scrutiny on the once-popular SPAC IPO process.

The new IPO will trade on the Nasdaq under ticker symbol "ETOR." The company is selling 6 million shares for and raising $310 million, valuing it at $4.2 billion in market capitalization. Insiders will sell another 6 million shares and cash out in the IPO.

Shares of eToro popped in their Nasdaq debut on Wednesday. The stock and crypto trading app raised almost $310 million in its IPO late Tuesday, selling shares above the expected range. IPOs looked poised for a rebound when President Donald Trump returned to office in January,

Social investment fintech eToro is seeking to raise $500 million through its initial public offering in the U.S., targeting a valuation of $4 billion and an expected IPO date of May 14.