eToro Aims for US IPO with $5B Valuation

user avatar

by Giorgi Kostiuk

2 years ago

Social trading platform eToro has confidentially filed for an initial public offering (IPO) with the United States Securities and Exchange Commission (SEC).

eToro's IPO Plans

According to the Financial Times, eToro could go public in New York as early as the second quarter of 2025, aiming for a $5 billion valuation. This marks growth from a $3.5 billion market cap in 2023. eToro has engaged Goldman Sachs, Jefferies, and UBS as partners for the IPO process.

Previous IPO Attempts

This is not eToro's first attempt to go public in the US. In 2021, it aimed to merge with FinTech Acquisition Corp. V via a SPAC deal at a $10.4 billion valuation. However, the plan did not get SEC approval during the bear market of 2022. Other crypto companies, like Circle and Prime Blockchain, also faced challenges with SPAC IPOs.

Future Plans and Partners

If successful, eToro will join other crypto companies like Coinbase and Bakkt listed in the US. Bitcoin miners like Marathon Digital are also part of the publicly traded companies in the US.

eToro's potential US IPO could mark a significant advancement for the company and underscore the strengthening presence of crypto-oriented businesses in the US market.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bitwise Announces NEAR's Inclusion in Major Crypto Indexes

Bitwise has announced the inclusion of NEAR in several large-cap crypto indexes, replacing UNI and AVAX in specific benchmarks.

user avatarElias Mukuru

BTCPay Server Hack Triggers Emergency Warning

A recent hack of the BTCPay Server has raised significant security concerns as attackers have reportedly withdrawn funds from merchants' hot wallets.

user avatarDiego Alvarez

Ethena Pay Introduces New Earn Product with Aave V4 Integration

Ethena Pay has launched an optional rewards product that connects a consumer-facing dollar balance to an on-chain lending strategy using Aave V4 on Avalanche.

user avatarMaria Fernandez

Ambire Launches Ice Hardware Wallet to Improve Safe Transaction Security

Ambire has launched its Ice hardware wallet, designed to decode Safe transactions and alert users to changes in account control.

user avatarGustavo Mendoza

Bitcoin Core 321 Release Introduces Key Network and Privacy Changes

The Bitcoin Core 321 release brings significant updates to network management, privacy features, and interface adjustments, while earlier versions 312 and 304 focus on maintenance.

user avatarRajesh Kumar

Mercado Bitcoin and Sui Integrate SUI and Stablecoins for Enhanced Financial Services

Mercado Bitcoin and Sui have announced a significant integration that will allow users to access SUI, USDC, and USDsui, facilitating purchases, sales, and transfers.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.