eToro Files for a US IPO

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According to recent reports, popular trading platform eToro, which is known for its support of cryptocurrency, has filed for an initial public offering (IPO) in the United States.

Sources familiar with the matter have stated that eToro submitted confidential filings to the US Securities and Exchange Commission (SEC) in January, signaling its intention to potentially go public in New York.

The IPO filing, which values the company at over $5 billion, could lead to eToro being listed in New York as early as the second quarter of 2025. Although the company’s largest market is currently in the United Kingdom, eToro is looking to expand its investor base and tap into the US market.

According to eToro founder and CEO Yoni Assia, the US market offers deep liquidity and awareness for trading assets, making it an attractive option for the company. Using confidential filing with the SEC allows eToro to work on their IPO plans privately until they are ready to disclose official documents.

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