Israeli multi-asset investment platform eToro has confirmed its filing for an IPO on Wall Street, aiming for a valuation of at least $5 billion. Founded in 2007 as a ‘social investment network,’ eToro has attracted 35 million users globally, allowing them to trade a wide range of assets, including fractional equities and cryptocurrencies.
This marks eToro’s second attempt at going public; in 2022, the company abandoned a planned $10.4 billion SPAC deal that would have facilitated a Nasdaq listing. In the following year, eToro successfully raised $250 million in funding, achieving a valuation of $3.5 billion.