Okay, so eToro’s been playing hard to get with this IPO for a while now. The Israel-based trading app hit pause on its public debut in early April after Trump’s surprise tariff talk shook the markets. Everything froze. Even the bulls got stage fright.
But now? We’re back in business. According to Bloomberg, eToro is once again eyeing the Nasdaq with some serious confidence. Why? Because market vibes are turning up. Robinhood’s stock is up over 16% in the last month, and crypto’s going off—Bitcoin’s past $100K and counting. 🚀
What’s the move?
eToro wants in. The platform filed with the SEC in March but hit the brakes during the “Liberation Day” volatility. Now that things are chill(er), the IPO squad—Goldman Sachs, Jefferies, UBS, and Citigroup—is back at the table. If it goes through, eToro would list under the ticker “ETOR.”
Money talks—and eToro’s talking loud.
Their 2024 numbers are flex-worthy:
- $931 million in commissions (up from $639M in 2023)
- $192 million in net income (a massive glow-up from $15.3M)
That’s a whole bounce-back story. They’re now aiming for a valuation above the $3.5B mark they hit in last year’s funding round. Shoutout to SoftBank and ION Group for backing the vision early. 👏
Wait, wasn’t there some SEC drama?
Yeah—eToro just paid $1.5M to settle with the SEC over running an unlicensed brokerage. They also agreed to scale back some U.S. crypto features. But with the regulatory winds possibly shifting under Trump 2.0 (looser crypto regs??), eToro might actually be catching the perfect tailwind. 🌬️
Why this matters:
This could be one of the first IPOs to bounce back after the Trump-induced freeze. It’s also a major win for the crypto scene—proof that TradFi and crypto can still shake hands and make deals in this post-regulatory-freakout era.
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