Overview

• eToro, an Israel-based trading platform, has reportedly filed confidential paperwork for a US IPO targeting a $5 billion valuation.
• The company, founded in 2007, allows users to trade stocks, ETFs, and cryptocurrencies such as bitcoin, ether, and bitcoin cash.
• This IPO would mark a return to public market ambitions after eToro abandoned a 2021 SPAC deal that had aimed for a $10.4 billion valuation.
• In 2023, eToro raised $250 million in funding at a $3.5 billion valuation, reflecting recovery in equity and crypto markets.
• If successful, eToro would join Coinbase and Robinhood as one of the few publicly traded platforms offering crypto trading in the US.