eToro Plans to Relaunch US IPO Soon

eToro plans to relaunch its initial public offering (IPO) in the United States this week, according to a report from Bloomberg citing sources familiar with the matter. Although no final decision has been confirmed, the timing seems more favorable as equity markets have stabilized after recent volatility. 

eToro had previously filed its F-1 registration with the U.S. Securities and Exchange Commission (SEC) on March 24, signaling its intent to list on NASDAQ under the ticker symbol ETOR. However, former President Donald Trump’s unexpected announcement of new tariffs on April 2 halted its IPO roadshow plans and triggered a sharp drop of over 10% in global equity markets.

eToro Plans to Relaunch US IPO Soon

In the aftermath, multiple companies, including eToro, ticket sales platform StubHub, and Swedish fintech Klarna, paused their IPO activities. Nonetheless, the markets have since rebounded, with the S&P 500 currently at 5,686.67, slightly above its April 2 level of 5,670.97, and the NASDAQ Composite at 17,977.73, up from 17,601.05. This recovery could help renew investor confidence and encourage companies like eToro to move forward with their offerings. 

Yet another challenge looms due to the recent performance of Webull, a rival neobroker. Webull went public on April 11 through a SPAC merger, and although its shares initially surged to $79.56, they have since plunged by 80%, now trading at just $15.96. This sharp decline has likely discouraged some investors from backing similar IPOs and could lead to greater caution toward eToro unless it offers a lower valuation. 

Currently, eToro has not publicly disclosed the expected size or valuation of the IPO, but Israeli media speculate that the company seeks to raise between $300–400 million at a $5 billion valuation. In contrast, Renaissance Capital lists a deal size of $750 million. With comparable companies like Robinhood, Plus500, and XTB showing strong Q1-2025 results, eToro must position itself closer to Robinhood to justify a higher valuation. Investors will be watching closely as the company weighs its next steps.

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