• eToro, a multi-asset trading platform, is planning an IPO and targeting a valuation of over $3.5 billion.
  • This move marks a comeback for eToro, whose $10.4 billion SPAC merger fell through in 2021. Even so, they target a valuation surpassing that seen in recent secondary transactions.

After increased trading activity and renewed market interest, multi-asset trading platform eToro is setting its sights on an Initial Public Offering (IPO). CEO Yoni Assia confirmed the company’s intention to go public, with either the New York or London stock exchange as the potential listing location.

eToro’s target valuation exceeds $3.5 billion, signaling the company’s confidence in its growth trajectory. 

In 2021, a planned merger with a SPAC valued the company at $10.4 billion but ultimately fell through.

Still, the current target valuation surpasses eToro’s $2.5 billion valuation seen during secondary transactions last year, where existing employees and early investors sold shares.

eToro boasts $11.3 billion in managed customer assets across 3 million accounts. The CEO highlights a surge in market activity, reaching levels not seen since 2021, as a key driver behind the IPO decision.

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