Crypto-friendly trading platform eToro files for US IPO
Summary
EToro has confidentially filed for an IPO with the US SEC, aiming for a potential listing in New York by the second quarter of 2025. The IPO could value eToro at over $5 billion, following a 2023 funding round that valued it at $3.5 billion. The US listing seeks to access a larger investor base beyond its largest market, the UK. Banks like Goldman Sachs, Jefferies, and UBS are involved in the IPO process. Founded in 2007, eToro is a global brokerage platform for trading stocks and cryptocurrencies. In September 2024, eToro halted most crypto trading after a settlement with the SEC.
