eToro Targets $3.5B Valuation in Planned IPO with Goldman

• eToro partners with Goldman Sachs for a U.S. IPO, targeting a $3.5 billion valuation by mid-2025.
• eToro agrees with the SEC to limit U.S. crypto trading and pays a $1.5 million fine for compliance breaches.

eToro, a major social trading and investment platform, is preparing for an initial public offering (IPO) in the United States with the help of Goldman Sachs, according to Bloomberg. This calculated action shows eToro’s will to establish itself in the American financial arena and increase its worldwide influence.

Targeting a valuation of at least $3.5 billion, the company wants to go public as early as the second quarter of 2025. This figure aligns with the valuation the company achieved during its most recent private investment cycle.

eToro: Regulatory Hurdles and Crypto Limitations 

Although the IPO represents a major advancement, it also comes with legal obstacles. Previously, CNF reported eToro had paid a settlement to the U.S. Securities and Exchange Commission (SEC).

Along with a $1.5 million punishment, the settlement committed U.S. users to only three cryptocurrencies: Bitcoin, Bitcoin Cash, and Ethereum, therefore restricting their trading possibilities. The SEC claims that eToro had been running as an unlicensed broker, a violation that resulted in this resolution.

Over recent years, eToro has changed significantly to become a major participant in the changing financial scene. Originally hoping to go public in 2022 via a merger with a special purpose acquisition company (SPAC), eToro had to change course given adverse market conditions.

Since then, the platform has changed its approach, giving blockchain-based solution development top priority and broadening its emphasis on digital assets first importance.

Since eToro serves 38 million registered users spread across 75 countries, these initiatives aim to keep its competitive edge. The platform’s worldwide attractiveness stems from its capacity to let users replicate the trades of seasoned investors by combining traditional and digital asset trading with social elements.