eToro Forex Broker Plans US IPO, Estimated Next Year

Forex broker eToro, a leading social trading platform, is reportedly preparing to conduct an initial public offering ( IPO) in early Q2 2025, with Goldman Sachs to manage the process. The company is targeting a valuation that exceeds its private funding round in 2023, signaling renewed confidence in its growth prospects.

This is not eToro's first attempt to go public. The broker previously planned an IPO in 2021, but the attempt fell through in mid-2022. Now, with improving market conditions and a surge in retail trading, eToro forex broker revisits the idea, setting the stage for what could be a significant accomplishment.

The growing interest in retail trading, especially in assets such as cryptocurrencies, has played a major role in eToro forex broker's decision. Bitcoin recently hit an all-time high, reigniting enthusiasm among traders and increasing trading activity.

The founder and CEO of eToro, Yoni Assia, said that the IPO would most likely take place in New York, but London remained open. While the US market has strong appeal, especially with the increasing interest of investors from the UK and Germany in US shares, 70% of eToro's revenue still comes from the UK.

The platform's recent expansion into the US also strengthens its position for US-based IPOs. Having launched nationwide in November, following its debut in New York, eToro has capitalized on the growing American market.

With surging retail interest, favorable market conditions and a strong foothold in the UK and US, eToro appears well positioned to make its IPO a success this time around. Stay tuned for further updates in our forex broker news!