Trading and investment platform eToro plans to go public in the US during the second quarter of 2025, according to a report by Bloomberg today (Sunday). The company has reportedly enlisted Goldman Sachs to guide its IPO efforts, with its valuation potentially exceeding $3.5 billion. When approached for comment, eToro declined to provide any statement on the matter.

If successful, this would not be eToro’s first attempt to go public. In 2021, the company announced plans to list on Wall Street via a SPAC merger with FinTech Acquisition Corp. V. However, that plan was abandoned in July 2022 due to several factors, including a sharp decline in tech company valuations and regulatory changes affecting SPACs and cryptocurrency-focused businesses – key drivers of eToro’s growth.

In September of this year, eToro agreed to pay $1.5 million to the SEC to settle charges related to operating an unregistered broker and clearing agency. The settlement was interpeted as part of eToro’s broader efforts to prepare for a public listing.

In an interview with CNBC in February, eToro CEO Yoni Assia expressed the company’s long-term aspirations to go public, stating: “I definitely see us becoming eventually a public company.”

This article was written by Finance Magnates Staff at www.financemagnates.com.

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