eToro IPO: Trading Platform Eyes $5 Billion US Listing in 2025

eToro Pursues U.S. Initial Public Offering

eToro, a prominent trading platform, has submitted a confidential filing for an Initial Public Offering (IPO) in the United States. Reports from the Financial Times indicate a potential company valuation exceeding $5 billion.

Previous IPO Attempts and Funding

The Israel-based fintech firm, a competitor to platforms like Robinhood, has refrained from commenting on the IPO speculation, as communicated to TechCrunch.

Initially, eToro had intended to become publicly traded through a Special Purpose Acquisition Company (SPAC) in 2021, with an anticipated valuation of $10.4 billion. However, these plans were ultimately abandoned in 2022.

More recently, in March 2023, the company successfully secured $250 million in funding, resulting in a valuation of $3.5 billion.

eToro's Services and Potential Listing

Established in 2007, eToro provides users with a platform to trade a diverse range of assets. These include stocks, ETFs, and cryptocurrencies.

According to a source cited by the Financial Times, a formal listing in New York could occur as early as the second quarter of the current year.

Growing Trend of Fintech IPOs

The fintech sector is witnessing a renewed interest in public offerings. This trend may be influenced by the positive performance of companies like ServiceTitan in the public market.

Digital bank Chime also filed confidential paperwork with the Securities and Exchange Commission (SEC) in December, signaling a broader movement within the industry.

This indicates a potential resurgence in fintech companies seeking to access public capital markets.