Non Cult Crypto News

Non Cult Crypto News

in

Crypto-friendly trading platform eToro files for US IPO

Crypto-friendly trading platform eToro has filed for a US IPO, reportedly targeting a $5 billion valuation with plans to expand by listing in New York soon.

COINTELEGRAPH IN YOUR SOCIAL FEED

Cryptocurrency-friendly trading platform eToro has reportedly filed for an initial public offering (IPO) in the United States.

EToro has made confidential filings to the US Securities and Exchange Commission (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, the report noted, citing unidentified sources familiar with the matter.

According to the report, eToro could potentially be listed in New York as soon as in the second quarter of 2025.

US IPO would enable access to a larger investor pool

Although the United Kingdom remains its largest market, eToro is pursuing a US listing to tap into a broader investor base.

Confidential filing with the SEC lets companies work privately on their public offering plans until they decide to disclose official documents.

In 2023, eToro raised $250 million in a funding round that valued the brokerage at $3.5 billion. The business could now be valued at more than $5 billion in its upcoming IPO, said one of the people familiar with the flotation plans.

Banks, including Goldman Sachs, Jefferies and UBS, are reportedly working with eToro on its IPO plans, the report said.

Founded in 2007, eToro is a global social investment and multi-asset brokerage allowing customers to trade diverse assets, including stocks and cryptocurrencies.

In September 2024, eToro ceased trading for nearly all crypto assets after reaching a settlement with the US SEC regarding federal securities law violations.

Magazine: Trump’s Bitcoin policy lashed in China, deepfake scammers busted: Asia Express

This article first appeared at Cointelegraph.com News

What do you think?

Written by Outside Source

Trump open to idea of establishing a strategic reserve with US-based coins like SOL, XRP, USDC

Decentralized AI is the only path to ethical and transparent data collection | Opinion

Back to Top

Ad Blocker Detected!

We've detected an Ad Blocker on your system. Please consider disabling it for Non Cult Crypto News.

How to disable? Refresh

Log In

Or with username:

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

To use social login you have to agree with the storage and handling of your data by this website.

Add to Collection

No Collections

Here you'll find all collections you've created before.