Israel's eToro said on Monday it was targeting a valuation of up to $4 billion in its U.S. initial public offering, as the retail trading platform moves ahead with its long-awaited New York flotation.

Online retail trading platform eToro is targeting a valuation of roughly $4 billion with its planned initial public offering, according to a Monday regulatory filing. The Israel-based company plans to offer 10 million shares at a price between $46 and $50,