eToro, a cryptocurrency trading platform established in 2007, has taken steps to go public in the United States.
According to a Financial Times report on January 16, the company submitted confidential documents to the US Securities and Exchange Commission (SEC) earlier this month.
If the SEC approves the proposal, eToro’s initial public offering (IPO) could value the company at over $5 billion.
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Additionally, eToro might debut on a New York exchange as early as the second quarter of 2025. Investment banks, including Goldman Sachs, Jefferies, and UBS, are reportedly assisting with the IPO process.
Confidential IPO filings allow crypto trading companies like eToro to plan and refine their public offering strategies without immediately disclosing details. This approach gives firms more time to prepare before releasing official documents.
Although eToro’s largest market is the United Kingdom, the company aims to expand its investor base through a US listing.
Yoni Assia, eToro’s founder and CEO, previously highlighted the advantages of the US market, noting its deep liquidity and greater visibility for traded assets.
Assia explained, “Very few of our global clients would trade UK shares”, emphasizing the need to tap into the US market’s unique opportunities. He also noted:
Something in the US market creates a pool of both deep liquidity and deep awareness for those assets that are trading in the US.
Meanwhile, on January 2, a crypto brokerage called FalconX acquired Arbelos Markets. What does the company aim to achieve with the acquisition? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
