eToro Files for US IPO

Social investing platform eToro has filed for an initial public offering (IPO) in the United States, marking a significant step in its expansion strategy. The company confirmed it has confidentially submitted a draft Registration Statement on Form F-1 to the Securities and Exchange Commission (SEC), setting the stage for a public listing.

While eToro has yet to disclose the number of shares or expected price range, reports suggest the IPO could value the company at around $5 billion, with a potential listing in Q2 2025, subject to regulatory approval and market conditions.

Founded in 2007, eToro operates a multi-asset investment platform that enables users to trade cryptocurrencies, stocks, commodities, and other financial instruments. The company was last valued at $3.5 billion in March 2023 following a $250 million funding round.

This IPO filing follows an earlier attempt by eToro to go public through a SPAC merger with FinTech Acquisition Corp V in 2021. However, the deal was mutually terminated in 2022 after failing to meet the deadline for completion.

eToro’s move aligns with a broader resurgence in fintech IPO activity. In November 2023, Swedish buy now, pay later (BNPL) giant Klarna announced plans for a New York Stock Exchange listing, while digital bank Chime also filed for a US IPO late last year. Meanwhile, Saudi-based BNPL firm Tabby is reportedly preparing for a public offering in Riyadh by 2025 or 2026.

With global markets showing signs of renewed investor appetite for fintech stocks, eToro’s upcoming IPO could be a pivotal moment for the company, providing fresh capital to scale its operations and compete with established online brokerage firms in an increasingly dynamic trading landscape.