eToro Eyes IPO After SEC Filing, Aims to Revive Public Listing Plans

Reports suggest that eToro has submitted confidential filings with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO), marking a potential milestone for the platform.

Founded in 2007 as a “social investment network,” eToro was created to make capital markets more accessible to a global audience.

The platform allows users to trade a wide range of assets, including fractional stocks and cryptocurrencies.

This isn’t eToro’s first attempt at going public. In 2022, the company shelved plans for a $10.4 billion SPAC merger that would have listed it on Nasdaq.

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Since then, eToro has continued to grow, securing $250 million in funding in 2023 at a valuation of $3.5 billion.

The firm has faced challenges along the way. In September 2024, its U.S. division agreed to pay $1.5 million and significantly limit its crypto trading offerings to resolve SEC charges.

Currently, the platform continues to provide trading options for Bitcoin, Bitcoin Cash, Ethereum, and other cryptocurrencies in the U.S., while maintaining its broader services globally.

Kosta Gushterov