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eToro Files for U.S. IPO, Eyes $5 Billion Valuation

1/20/2025

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Summary

Story summary

eToro has confidentially filed for a U.S. IPO, aiming for a valuation exceeding $5 billion after a failed SPAC attempt in 2022.
The IPO seeks to expand its investor base beyond Europe, which currently accounts for 75% of its revenue.
In 2023, eToro raised $250 million, increasing its valuation to $3.5 billion, with plans to list on the NYSE by Q2 2025.
The company has encountered regulatory hurdles, including a $1.5 million fine and limitations on U.S. cryptocurrency trading.
Founded in 2007, eToro serves over 35 million users and focuses on enhancing profitability through innovative features and improved user accessibility.

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Story summary

eToro has confidentially filed for a U.S. IPO, aiming for a valuation exceeding $5 billion after a failed SPAC attempt in 2022.
The IPO seeks to expand its investor base beyond Europe, which currently accounts for 75% of its revenue.
In 2023, eToro raised $250 million, increasing its valuation to $3.5 billion, with plans to list on the NYSE by Q2 2025.
The company has encountered regulatory hurdles, including a $1.5 million fine and limitations on U.S. cryptocurrency trading.
Founded in 2007, eToro serves over 35 million users and focuses on enhancing profitability through innovative features and improved user accessibility.