- Etoro plans to launch its IPO in the United States next week after delaying due to the volatility of the Trump rate.
- The company said impressive finance 2024: $ 931 million in revenues and $ 192 million in net income.
The US initial public offer by Etoro Group Ltd. should resume its operations next week after the market turbulence had President Trump pricing announcements. This situation caused a postponement, according to sources who have knowledge of the situation.
The Israel-based commercial platform filed with the SEC in March continues its registration plans because market conditions have improved. Meanwhile, Robinhood and similar platforms have produced significant gains in recent weeks.
Strong Financials Strengthen the position of the Etoro market
Fintech shows solid financial results before entering the public market. He reached $ 931 million in total committee income for 2024 as well as $ 192 million in net profit. The company has shown significant financial growth since 2023 because it has gained $ 639 million in commissions while maintaining $ 15.3 million in net profit.
The next Nasdaq Global Select Market Listing of Etoro will use Etor as a symbol of Ticker while looking for a market capitalization of around 5 billion dollars. Etoro obtained the financial support of Goldman Sachs and Jefferies, and UBS.
The company is trying a second public list after its 10.4 billion dollars spac meter attempt. Its platform launched in 2007 provides trading services for stocks and ETF and cryptocurrencies, while allowing users to reproduce the investment portfolios of leading investors.
The crypto and fintech market received a boost from the regulatory changes that have made a dry pro-Crypto chair. Positive market changes benefit from Etoro, as well as other companies that invest heavily in digital assets.
Several sources suggest that the launch of the IPO could start next week, but market conditions will determine the real calendar, according to their evaluation. Etoro joins a group of financial technology companies, such as Circle and Kraken and Gemini who are growing with public lists due to the improvement of sector regulations.
Highlighted the news of cryptography today:
SEC lowers a file of titles against the influencer of Crypto Ian Balina
share
