eToro Trading Platform Submits Public Filing for US IPO

Crypto-friendly trading app eToro has filed for a Nasdaq IPO, targeting a $5 billion valuation, following previous attempts to go public in the United States.

eToro, a cryptocurrency-friendly trading platform, has made a new attempt to go public in the United States by filing for an initial public offering (IPO) after previous efforts.

In a March 24 update, the company disclosed that it had submitted a registration statement on Form F-1 to the US Securities and Exchange Commission for the IPO of its Class A common shares.

eToro plans to list these shares on the Nasdaq Global Select Market under the ticker symbol "ETOR." The announcement also mentioned that the registration statement has been filed with the SEC but has not yet been approved.

eToro public IPO announcement. Source: eToro

The public filing follows more than two months after eToro made confidential filings with the SEC in January, signaling its move toward a potential IPO in New York, as reported by the Financial Times on January 16.

According to the report, eToro's IPO filing, submitted in January, could value the company at over $5 billion, with plans to list the platform as early as the second quarter of 2025, based on sources familiar with the situation.

Platforms like eToro are commonly used by beginner investors looking to purchase their first stock shares or cryptocurrency, due to their user-friendly interfaces.