eToro eyes U.S. IPO with Goldman Sachs support: report

eToro, a stock and cryptocurrency trading platform, is working with Goldman Sachs to plan a US IPO.

The company could go public as early as the second quarter of 2025, but the timeline could change, according to anonymous sources familiar with the matter, Bloomberg reports.

eToro hopes to surpass the $3.5 billion valuation it secured in a private funding round last year. Details of the IPO, including other banks that may be involved, remain under discussion.

SEC vs. eToro

The platform has faced regulatory issues in the United States, resolve allegations in September that it had been operating as an unregistered broker. As part of the settlement, eToro agreed to pay $1.5 million and restrict cryptocurrency offerings for American customers.

The SEC complaint claimed that eToro had been operating as an unlicensed broker and clearing agency since at least 2020.

An IPO would take place amid growing interest in cryptocurrencies, driven in part by President-elect Donald Trump’s decision. decision to appoint a pro-crypto businessman to lead the United States Securities and Exchange Commission.

This change could pave the way for more crypto-focused companies to go public. Bitcoin (BTC) price jumped beyond $100,000, reflecting this renewed enthusiasm.

eToro’s platform allows users to trade various assets, including cryptocurrencies, and follow trades from successful investors. It has over 38 million registered users worldwide.