Etoro requests the IPO in the USA

The crypto-friendly trading platform Etoro applies

etoro strives for an IPO with an assessment of $ 5 billion.

Etoro, a crypto-friendly trading platform and a social investment network, has reportedly made an application for listing in the United States.

The Financial Times reported announced on January 16 that Etoro had submitted an application for an IPO to the US stock exchange supervisory authority Securities and Exchange Commission. The striving for the company after an IPO in the USA goes hand in hand with the SEC registration, which is probably open to the public trade of Etoro in New York, reported Ft.

Etoro strives for an IPO with an evaluation of $ 5 billion, whereby the trading platform is expected to be listed in the second quarter of 2025.

While the greatest presence of Etoro is still in the United Kingdom, the company wants to open up the enormous potential of the US market. In 2023, the company collected $ 250 million in a financing round, the evaluation is $ 3.5 billion. In the run-up to this important milestone, Etoro works with global banks such as Goldman Sachs, UBS and Jefferies to achieve an IPO worth over $ 5 billion.

The company Etoro, founded in 2007, had expanded its business model with crypto. Due to the negative pressure of the SEC, the company hired almost all of its crypto offers in September 2024.