- eToro officially filed for a US IPO, aiming to list shares on Nasdaq under the ticker symbol “ETOR.”
- eToro partnered with Goldman Sachs and enhanced global crypto wallet features for UK and EU users.
After being delayed since 2021, eToro has finally officially filed documents for an initial public offering (IPO) in the United States. The Israeli trading platform plans to list its shares on the Nasdaq stock exchange with the ticker code “ETOR.” This step represents eToro’s continuous efforts to access the public market, having earlier cancelled its SPAC merger owing to poor market conditions.
Although it took quite a long time, the timing now feels more reasonable. As the market begins to warm up again and enthusiasm for technology stocks grows again, eToro has chosen to move forward with a strategy that looks much more mature than its previous efforts.
JUST IN: ETORO FILES FOR IPO ON NASDAQ, REVIVING PUBLIC LISTING PLANS AFTER 2021 DELAY.
Source: Whale Alert pic.twitter.com/yRI8XeSI2c
— Mario Nawfal’s Roundtable (@RoundtableSpace) March 25, 2025
Big Ambitions, Backed by Bigger Numbers
In early December 2024, CNF reported that eToro had partnered with Goldman Sachs as the main partner in this IPO process. Not just any name, Goldman Sachs is known to have a strong track record in bringing technology companies to the stock exchange.
The targeted valuation is also quite striking, it is $3.5 billion. The company hopes that the IPO process will be completed and its shares will start trading no later than mid-2025.
Of course, such a large target cannot only rely on enthusiasm and self-confidence. So eToro also attached a 2024 financial performance that surprised many parties. Their revenue jumped sharply from $3.89 billion to $12.64 billion. Net profit also increased, from $15.3 million to $192.4 million.
This surge mostly came from crypto trading activities, which contributed 96% of total revenue. If we compare it, they are like a roadside coffee shop that suddenly became Starbucks overnight—thanks to people’s enthusiasm for digital assets.
A Speed Bump on the Road to IPO
However, behind this growth, there are several notes that cannot be ignored. One of them is the matter with regulators in the US. eToro agreed to limit their crypto trading activities in the United States after going through long discussions with the SEC. They also agreed to pay a fine of $1.5 million for previous compliance violations.
eToro Expands Features as Global Users Get More Flexibility
While the US regulators are still closely watching, eToro has some good news for its users in other parts of the world. On March 24, 2025, they announced that users in the UK and Europe can now transfer crypto assets from other exchanges or wallets into the eToro Crypto Wallet. This feature not only makes it easier for users to move assets, but also opens up the opportunity to convert crypto to cash.
After that, users can immediately allocate the funds to stocks, ETFs, or other asset classes on one platform. For those who are tired of having to open 3 applications just to buy and sell crypto and stocks, this feature is like a refreshing change.
Lately, more and more technology companies feel that the moment to go public is wide open again. With the market starting to recover and investors returning to hunt for potential stocks, eToro seems to be trying to capture the momentum that was lost three years ago.
