EToro Plans US IPO Launch Next Week Amid Eased Market Volatility

eToro, a global trading platform known for its social trading and crypto offerings, is reportedly preparing to launch its long-delayed U.S. IPO as soon as next week, following a pause due to market volatility triggered by former President Trump’s tariff announcements. The company, which previously filed for a Nasdaq listing, has seen a significant rebound in financial performance, generating $931 million in commission revenue and $192 million in net income in 2024, up sharply from the prior year. The IPO, expected to be led by Goldman Sachs, Jefferies, UBS, and Citigroup, could value eToro above its previous $3.5 billion funding round. Broader market conditions, including renewed interest in crypto securities and expectations of looser SEC oversight, are contributing to a more favorable environment for fintech IPOs. However, sources caution that the final decision on timing remains subject to change based on market dynamics. eToro's listing would mark one of the first major IPOs to revive after recent market disruptions.