EToro has confidentially filed for an IPO targeting a valuation of 5 billion USD. Prominent financial institutions such as Goldman Sachs, Jefferies, and UBS are backing this initiative, looking at a public listing potentially in the second quarter of 2025.
This upcoming IPO is part of eToro’s strategy to recover from a previously collapsed SPAC merger attempt valued at 10.4 billion USD in 2021. Adverse market conditions led to the failure of that transaction.
Following a challenging 2022, eToro reported EBITDA of 107 million USD in 2023, indicating recovery and positive growth prospects. The company continues to expand its services in ETFs and mutual funds, demonstrating a commitment to diversify its offerings.
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