Crypto Platform eToro Files US IPO

eToro Pursues US IPO, Aiming for $5 Billion Valuation

• eToro is seeking a $5 billion valuation through a US initial public offering (IPO).
• The firm has made confidential filings with the U.S. Securities and Exchange Commission (SEC).
• eToro’s largest market is the United Kingdom.
• The company aims to be listed on New York markets by Q2 of this year.
• In 2023, eToro was valued at $3.5 billion after raising $250 million from investors.

Israel-based trading platform eToro plans a US IPO with a target valuation of $5 billion, despite its largest market being the UK. The company has filed confidentially with the SEC and aims to enter New York markets by Q2.