eToro files for US IPO, reportedly eyeing potential $5bn valuation
Social investing platform eToro has filed for an initial public offering (IPO) in the US.
eToro could potentially go public in Q2 2025
In a statement published last week, the company confirmed it has “confidentially submitted a draft Registration Statement on Form F-1” to the Securities and Exchange Commission (SEC) “relating to the proposed initial public offering of its ordinary shares”.
According to eToro, the “number of shares to be offered and the price range for the proposed offering have not yet been determined”.
The Financial Times reports the IPO could potentially value the company at $5 billion, according to sources familiar with the matter, who add the public listing could take place in Q2 2025.
eToro states that the offering is “expected to take place after the SEC completes its review process, subject to market and other conditions”.
The news follows Swedish BNPL giant Klarna’s decision to apply for a New York listing last November.
Founded in 2007, eToro operates a multi-asset investment platform that enables users to trade crypto assets, stocks, commodities, and more. In March 2023, the company was valued at $3.5 billion after securing $250 million in funding.
In 2021, reports emerged that the business was exploring an IPO via a merger with a special purpose acquisition company (SPAC). However, the planned merger with FinTech Acquisition Corp V was mutually called off in 2022 after the parties were unable to finalise the deal by the agreed deadline.
Additional recent global IPO activity includes Chime filing for a US listing at the end of last year, while Tabby is reportedly considering an IPO in Saudi Arabia in late 2025 or 2026, according to Bloomberg.
