The post eToro Files for IPO and Plans Nasdaq Listing as ETOR appeared on BitcoinEthereumNews.com.

eToro officially filed for a US IPO, aiming to list shares on Nasdaq under the ticker symbol “ETOR.” eToro partnered with Goldman Sachs and enhanced global crypto wallet features for UK and EU users. After being delayed since 2021, eToro has finally officially filed documents for an initial public offering (IPO) in the United States. The Israeli trading platform plans to list its shares on the Nasdaq stock exchange with the ticker code “ETOR.” This step represents eToro’s continuous efforts to access the public market, having earlier cancelled its SPAC merger owing to poor market conditions. Although it took quite a long time, the timing now feels more reasonable. As the market begins to warm up again and enthusiasm for technology stocks grows again, eToro has chosen to move forward with a strategy that looks much more mature than its previous efforts. JUST IN: ETORO FILES FOR IPO ON NASDAQ, REVIVING PUBLIC LISTING PLANS AFTER 2021 DELAY. Source: Whale Alert pic.twitter.com/yRI8XeSI2c — Mario Nawfal’s Roundtable (@RoundtableSpace) March 25, 2025 Big Ambitions, Backed by Bigger Numbers In early December 2024, CNF reported that eToro had partnered with Goldman Sachs as the main partner in this IPO process. Not just any name, Goldman Sachs is known to have a strong track record in bringing technology companies to the stock exchange. The targeted valuation is also quite striking, it is $3.5 billion. The company hopes that the IPO process will be completed and its shares will start trading no later than mid-2025. Of course, such a large target cannot only rely on enthusiasm and self-confidence. So eToro also attached a 2024 financial performance that surprised many parties. Their revenue jumped sharply from $3.89 billion to $12.64 billion. Net profit also increased, from $15.3 million to $192.4 million. This surge mostly came from crypto…

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Filed under: News - @ March 26, 2025 12:22 pm