eToro, an Israel-based social investing platform, has filed for an initial public offering (IPO) in the US, submitting a draft Registration Statement on Form F-1 to the Securities and Exchange Commission (SEC). While the number of shares and price range remain undetermined, reports suggest the IPO could value eToro at $5 billion, with a potential listing in Q2 2025. The company, founded in 2007, offers a multi-asset investment platform for trading crypto, stocks, and commodities. eToro was valued at $3.5 billion in 2023 after securing $250 million in funding.
eToro, a social investing platform headquartered in Israel, has officially filed for an initial public offering (IPO) in the United States. The company confirmed that it has submitted a draft Registration Statement on Form F-1 to the Securities and Exchange Commission (SEC) regarding its proposed listing.
While details such as the number of shares and pricing are yet to be finalized, reports from the Financial Times indicate that the IPO could potentially value eToro at $5 billion, with a public listing expected in Q2 2025. The IPO will proceed once the SEC completes its review process, subject to market conditions.
Founded in 2007, eToro operates a multi-asset investment platform that allows users to trade cryptocurrencies, stocks, commodities, and other financial assets. In March 2023, the company raised $250 million in funding, bringing its valuation to $3.5 billion.
eToro previously explored going public via a SPAC merger with FinTech Acquisition Corp V in 2021, but the deal was mutually terminated in 2022 due to timing constraints.
The IPO filing comes amid a wave of fintech listings, with Sweden’s Klarna applying for a New York listing in November 2024 and UAE-based Tabby considering an IPO in Saudi Arabia by 2026.
