Cryptocurrency-friendly trading platform eToro has filed for an initial public offering (IPO) in the United States after multiple previous attempts from the company.
The company said in a March 24 announcement that it had submitted a registration statement on Form F-1 with the US Securities and Exchange Commission related to the IPO of its Class A common shares.
eToro has applied to list its Class A common shares on the Nasdaq Global Select Market under the ticker symbol “ETOR,” according to the announcement, which stated:
“A registration statement on Form F-1 relating to these securities has been filed with the SEC but has not yet become effective.”
eToro public IPO announcement. Source: eToro
The public filing comes over two months after eToro made confidential filings to the SEC in a move toward a potential IPO in New York, the Financial Times reported on Jan. 16.
Submitted in January, eToro’s IPO filing could value the business at more than $5 billion and list the platform as soon as the second quarter of 2025, the report noted, citing unidentified sources familiar with the matter.
Trading platforms such as eToro are often used by beginner investors looking to buy their first stock share or cryptocurrency, thanks to their ease of use.
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This is a developing story, and further information will be added as it becomes available.
