Etoro wants to go to the stock exchange and plans Nasdaq-notor under the Ticker Etor
- Etoro officially applied for the IPO in the United States and intended to have its shares listed on Nasdaq under the ticker symbol Etor.
- Etoro entered into a partnership with Goldman Sachs and improved the global crypto wallet functions for users in Great Britain and the EU.
After a delay since 2021, Etoro has finally officially The documents For an IPO in the United States submitted. The Israeli trading platform plans to list your shares on the Nasdaq exchange with the ticker code Etor. This step represents Etoros continuous efforts to enter the public market after the company had previously canceled its SPAC fusion due to the poor market conditions.
Although it took a long time, the time now appears more sensible. Since the market begins to warm up again and the enthusiasm for technology shares increases again, Etoro has decided to advance with a strategy that looks much more mature than its previous efforts.
JUST IN: ETORO FILES FOR IPO ON NASDAQ, REVIVING PUBLIC LISTING PLANS AFTER 2021 DELAY.
Source: Whale Alert pic.twitter.com/yRI8XeSI2c
— Mario Nawfal’s Roundtable (@RoundtableSpace) March 25, 2025
Big ambitions
At the beginning of December 2024, CNF reported that Etoro worked with Goldman Sachs as the main partner in this IPO process. Goldman Sachs is not just any name, but known for the fact that you successfully bring technology companies to the stock exchange.
The intended evaluation is also remarkable: it is $ 3.5 billion. The company hopes that the IPO will be completed in mid -2025 at the latest and its shares will be traded.
Of course, you can not only rely on enthusiasm and self -confidence with such a big goal. Etoro also added a financial performance for 2024 that surprised many parties. The income rose from $ 3.89 billion to $ 12.64 billion. The net win also increased from $ 15.3 million to $ 192.4 million.
This increase mainly came from the crypto trade, which made 96 % of the total income. When we compare it, they are like a street café that suddenly became Starbucks overnight – thanks to the enthusiasm of people for digital assets.
A stumbling block on the way to the IPO
However, some not negligible hurdles are hidden behind this growth. One of them is the matter with the regulatory authorities in the United States. Etoro agreed to restrict his crypto trade activities in the United States after long discussions with the SEC. They also agreed to pay a fine of $ 1.5 million for earlier compliance violations.
Etoro extends the functions
While the US regulatory authorities are still observing the company closely, Etoro has some good news for its users in other parts of the world. On March 24, 2025, Etoro announced that users in Great Britain and Europe can now transfer crypto assets from other stock exchanges or wallets to the ETORO crypto money exchange. This function not only facilitates the transfer of assets, but also opens up the possibility of converting cryptocurrencies into cash.
After that, users can immediately invest the funds in shares, ETFs or other asset classes on a platform. For those who are tired of opening three applications just to buy and sell crypto and stocks, this function is a refreshing variety.
Lately, more and more technology companies have had the feeling that the time for a IPO is cheap again. Since the market begins to recover and investors go hunting for potential stocks again, Etoro seems to try to resume the swing that was lost three years ago.
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