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Will eToro face new U.S. regulatory actions by the end of 2025?
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Resolution / Starting Odds
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Public announcements from U.S. regulatory bodies such as the SEC
Story
eToro Targets $5B U.S. IPO on NYSE by 2025 with Goldman Sachs
Jan 16, 2025, 03:00 PM
eToro, a social stock and cryptocurrency trading platform, has confidentially filed for a U.S. IPO, targeting a valuation of over $5 billion. The Israel-based company plans to list on the New York Stock Exchange as early as the second quarter of 2025. eToro is working with financial institutions such as Goldman Sachs, Jefferies, and UBS to facilitate the IPO. The company was valued at $3.5 billion in 2023 after securing $250 million in funding. This IPO attempt follows a failed SPAC merger in 2022, which had initially aimed for a $10.4 billion valuation. Founded in 2007, eToro provides retail investors with access to trading in stocks, ETFs, and cryptocurrencies and manages $11.3 billion in assets for over 3 million customers. The firm has faced regulatory challenges in the U.S., including a $1.5 million settlement with the SEC in 2023 over operating as an unregistered broker and clearing agency. eToro also restricted U.S. users to trading bitcoin, bitcoin cash, and ether after its settlement.
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