{"id":125786,"date":"2025-03-25T14:16:44","date_gmt":"2025-03-25T14:16:44","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125786"},"modified":"2025-03-25T14:16:44","modified_gmt":"2025-03-25T14:16:44","slug":"etoro-trading-platform-publicly-files-for-us-ipo","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125786","title":{"rendered":"eToro trading platform publicly files for US IPO"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCryptocurrency-friendly trading platform eToro has filed for an initial public offering (IPO) in the United States following several previous attempts.<br \/>\nThe company said in a March 24 announcement that it had submitted a registration statement on Form F-1 with the US Securities and Exchange Commission related to the IPO of its Class A common shares.<br \/>\nEToro has applied to list its Class A common shares on the Nasdaq Global Select Market under the ticker symbol \u201cETOR,\u201d according to the announcement, which stated:<br \/>\n\u201cA registration statement on Form F-1 relating to these securities has been filed with the SEC but has not yet become effective.\u201d<br \/>\neToro public IPO announcement. Source: eToroThe public filing comes over two months after eToro made confidential filings to the SEC in a move toward a potential IPO in New York, the Financial Times reported on Jan. 16.<br \/>\nSubmitted in January, eToro\u2019s IPO filing may value the business at more than $5 billion and list the platform as soon as the second quarter of 2025, the report noted, citing unidentified sources familiar with the matter.<br \/>\nTrading platforms such as eToro are often used by beginning investors looking to buy their first stock shares or cryptocurrency, thanks to their ease of use.<br \/>\nEToro\u2019s IPO received attention from some of the world\u2019s most notable investment banks, including Goldman Sachs, Jefferies, UBS and Citigroup, as lead managing bookmakers.<br \/>\nRelated: Friday\u2019s PCE inflation report may catalyze a Bitcoin April rally<br \/>\nEToro tried to go public in 2021 via SPAC offering<br \/>\nThe crypto-friendly trading platform had multiple previous attempts to go public on the US stock exchange.<br \/>\nIn 2021, eToro announced plans to go public via a merger with Fintech Acquisition Corp V, a special purpose acquisition company, valuing the company at $10.4 billion. However, the deal was terminated in mid-2022 due to unfavorable market conditions.<br \/>\nRelated: Friday\u2019s US inflation report may catalyze a Bitcoin April rally<br \/>\nAlthough the United Kingdom remains its largest market, eToro is pursuing a US listing to tap into a broader investor base.<br \/>\n\u201cVery few of our global clients would trade UK shares,\u201d eToro founder and CEO Yoni Assia reportedly said last year. He added:<br \/>\n\u201cSomething in the US market creates a pool of both deep liquidity and deep awareness for those assets that are trading in the US.\u201d<br \/>\nIn 2023, eToro raised $250 million in a funding round that valued the brokerage at $3.5 billion. The business may now be valued at more than $5 billion in its upcoming IPO, said one of the people familiar with the flotation plans.<br \/>\nAccording to Forbes, eToro was one of the first regulated trading platforms in Europe to offer Bitcoin (BTC) services in 2013, just a few years after the first BTC transaction was made in January 2009.<br \/>\nMagazine: Trump\u2019s Bitcoin policy lashed in China, deepfake scammers busted: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/e-toro-trading-platform-publicly-files-for-us-ipo?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCryptocurrency-friendly trading platform eToro has filed for an initial public offering (IPO) in the United States following several previous attempts. The company said in a March 24 announcement&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125786"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125786"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125786\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125786"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}