CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2025-01-16 13:48:58

Crypto Exchange eToro files for US IPO

The post Crypto Exchange eToro files for US IPO appeared first on Coinpedia Fintech News One of the most famous crypto exchanges, eToro, has filed for an IPO in the United States. The company is aiming to go public in a grand way. It has made a confidential filing with the SEC in January 2025, which marks a significant step in its journey. If things go as planned, this could reshape the position of the exchange in the competitive trading platform market. Worth of eToro eToro’s IPO could value the company at over $5 billion. For context, back in 2023, eToro was valued at $3.5 billion after raising $250 million in a funding round. That’s a massive jump in just two years. Filing confidentially with the U.S. Securities and Exchange Commission (SEC) is a smart move. It gives company time to work out the details without revealing too much to the public or competitors. It’s like preparing in the shadows, only stepping into the spotlight when everything’s ready. Timing Is Key The IPO could happen as early as the second quarter of 2025. This timeline would give eToro ample time to prepare for its U.S. market debut, despite some recent hurdles. For example, in September 2024, the platform stopped trading most crypto assets in the U.S. after resolving regulatory issues with the SEC. A U.S. listing would open doors to a bigger pool of investors, even though the U.K. remains eToro’s largest market. Leading banks like Goldman Sachs, Jefferies, and UBS are advising eToro on this major step. With their backing, the company seems well-positioned to navigate the tricky IPO waters. In September 2024, eToro faced a setback when it stopped trading most crypto assets in the U.S. after settling with the SEC over regulatory violations. Despite this, the platform remains a global force. Founded in 2007, eToro has grown into a trusted name for trading stocks, cryptocurrencies, and more. What’s Next for eToro? If the IPO becomes a success, it will be a game changer for eToro. This process is not just about raising funds but putting a name flag in the market. With all the regulatory challenges it has faced in the US, getting listed is no small win and the potential rewards are huge. Investors and industry watchers will be paying close attention to see how eToro plays its cards.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.