eToro plans US IPO launch as soon as this week

Israel-based social trading-focused online broker eToro has allegedly been planning to roll out its US IPO as early as next week.

The Financial Times reported in January that eToro had confidentially filed for a US IPO with backing from Goldman Sachs, Jefferies, and UBS. Targeting a $5 billion valuation and a potential Q2 2025 listing, the company plans to list its shares on the Nasdaq Global Select Market under the ticker ETOR

Following easing tariff concerns, which previously led to unstable market conditions, eToro is now reportedly seeking to make its US market entry as soon as next week, as detailed by Bloomberg. The company, providing a platform for trading stocks, ETFs, and digital assets, recently decided to delay its IPO plans after President Trump’s tariff announcement. Initially, eToro confirmed that it filed for an F-1 registration statement with the Securities and Exchange Commission (SEC) in February 2025 relating to the proposed IPO of its ordinary shares. The company released a brief statement, not offering more details, including a planned valuation, who the underwriters of the IPO were set to be, or the timing of the offering.




eToro plans US IPO launch as soon as next week





The sweeping tariffs on imported goods caused concerns about a rising global trade war and substantially affected stock markets. Following this, many companies, including eToro, Klarna, Medline, and StubHub, delayed their public listing plans. At that time, eToro aimed to start its investor roadshow in the following period, but the tariffs and market instability influenced it to stall it indefinitely.


Moreover, the same sources stated that eToro is yet to make a final decision on the timing of the listing. Additionally, the launch could be postponed if market conditions shift. Besides eToro, other companies, including Circle, Kraken, and Gemini, are moving forward with their plans for public listings after regulatory settlements.




Latest news from eToro
Just a few weeks before this announcement, eToro added all HKEX-listed stocks and exchange-traded products (ETPs) to its platform. In addition to obtaining access to new stocks and ETPs, the company’s users were set to benefit from real-time pricing data provided by HKEX. Also, eToro, partnering with BNY, intended to roll out a stock lending programme to enable users to earn passive income. The company worked with BNY, acting as a custodian, and EquiLend, set to identify borrowers and support the stock lending process, to allow UK and European customers to gain passive income by lending out their stocks.