eToro Files for US IPO as Crypto-Friendly Trading Platform Expands
Israel-based eToro, a crypto-friendly retail trading platform, is shifting its IPO plans from the London Stock Exchange to the U.S.
According to reports, the company has filed confidentially with the U.S. SEC, aiming for a $5 billion valuation and targeting a Q2 2025 debut in New York. Despite its largest market being the UK, eToro’s CEO, Yoni Assia, believes listing in the U.S. will provide deeper liquidity and greater investor awareness.
The company previously attempted a $10.4 billion SPAC deal in 2021 but canceled the move after SPACs faced turmoil. In 2023, eToro was valued at $3.5 billion following a $250 million funding round.
Clever Robot News Desk 21th January 2025
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