The retail trading platform is weighing an initial public offering (IPO) in New York or London, CEO Yoni Assia told the newspaper, adding that a US listing would give the company access to a broader range of investors than a presence on the British market.
Assia told FT he was “exploring the right timing” for eToro’s stock market debut and was expecting an increased valuation relative to the $3.5 billion from its last funding. The company had raised $250 million in 2023 from investors including ION Group, SoftBank Vision Fund 2 and others.
“We continue to evaluate the right timing and market for a future listing,” eToro told Reuters in an emailed response.
The IPO comes after eToro and Betsy Cohen-backed blank-check company FinTech Acquisition had mutually agreed to terminate their merger deal through the special purpose acquisition company (SPAC) in 2022, scrapping its plans to go public.
