eToro on the US stock exchange: Cryptocurrency giant seeks billion-dollar IPO in the US

• eToro files for IPO in the US.
• Listing expected on Nasdaq in 2025.
• Company valuation could exceed US$5 billion.

Cryptocurrency trading platform eToro has taken a significant step toward its initial public offering (IPO) in the United States. After previous attempts, the company has publicly filed its IPO, signaling a new chapter in its growth trajectory, according to an announcement released on March 24.

In its statement, eToro revealed that it has submitted a registration statement on Form F-1 to the U.S. Securities and Exchange Commission (SEC) regarding the IPO of its Class A common stock. According to the document, the company seeks to list its shares on the Nasdaq Global Select Market under the symbol “ETOR.”

“eToro Group Ltd (“eToro”) today announced that it has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to the proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. eToro has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “ETOR”. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or other terms of the offering,” it announced.

It is worth noting that the company filed a confidential filing with the SEC in January 2025, signaling a possible IPO later this year. At the time, eToro highlighted its intention to expand the company’s reach and seek a new investor base, despite having the UK as its main market to date. With an expected market value of over $5 billion, the target surpasses the $3,5 billion mark set by 2023.

“A registration statement on Form F-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective,” stressed .

eToro’s IPO represents a major milestone for the company and the cryptocurrency market as a whole. Listing on a U.S. stock exchange could increase eToro’s visibility and credibility, attracting new investors and boosting its growth.