The eToro platform, a pioneer in stock and cryptocurrency trading, is currently preparing its IPO in the United States. According to the Financial Times, the company aims to list as early as the 2nd quarter of 2025, with a valuation estimated at more than $5 billion.
eToro prepares IPO in the United States with an estimated valuation of $5 billion
The eToro trading platform, which notably offers cryptocurrencies, has filed confidential files with the Securities and Exchange Commission (SEC) with a view to an initial public offering (IPO) in the United States, according to the Financial Times. Planned for the 2nd quarter 2025, this operation could value the company at more than $5 billion.
Founded in 2007, eToro is best known for offering stock and crypto trading services. In 2023, the company managed $11.3 billion in customer assets via approximately 3 million accounts. After a failed listing via a SPAC in 2021, eToro is now seeking to exploit the liquidity and visibility of the American market, deemed more attractive by its CEO, Yoni Assia.
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Indeed, despite a British market which constitutes its main base, eToro favors a listing in the United States, deemed more advantageous by its CEO. “ Very few of our global clients would trade UK stocks. The US market offers deeper liquidity and increased visibility for traded assets “, he explained.
To orchestrate this IPO, eToro surrounded itself with renowned banks, notably Goldman Sachs, Jefferies and UBS.
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Source: Financial Times
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