eToro Files for US IPO, Eyes $5 Billion Valuation

eToro has filed for an IPO in the US, aiming for a potential valuation of $5 billion, with plans for a public listing in Q2 2025.

Social investing platform eToro has filed for an initial public offering (IPO) in the United States, marking a significant step towards going public.

In a statement released last week, the company confirmed it has “confidentially submitted a draft Registration Statement on Form F-1” with the Securities and Exchange Commission (SEC) regarding its proposed IPO. The number of shares and pricing details for the offering are still to be determined.

Sources cited by the Financial Times suggest that eToro could be valued at $5 billion during the IPO, which could take place in Q2 2025, pending SEC review and market conditions.

eToro’s multi-asset investment platform allows users to trade a range of assets including cryptocurrencies, stocks, and commodities. In March 2023, eToro was valued at $3.5 billion after securing $250 million in funding. The company had previously explored an IPO through a merger with a special purpose acquisition company (SPAC) in 2021, but that deal was ultimately called off in 2022 after negotiations with FinTech Acquisition Corp V failed to meet deadlines.