Global trading platform eToro (ETOR.US) applies for a US IPO, planning to raise $750 million.

Global trading platform eToro, targeting retail investors, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on Monday, estimating that the fundraising amount may reach $750 million. eToro believes it has built a collaborative investment community aimed at providing users with the educational resources and tools needed for growth in knowledge and wealth. The platform is dedicated to integrating social networking with trading and investment functions, all of which are integrated within a regulated digital investment platform designed for financial communication and community interaction. As of December 31, 2024, eToro has approximately 3.5 million funded accounts in 75 countries worldwide. The company, headquartered in Bnei Brak, Israel, was founded in 2006 and generated revenue of $1.26 billion in the 12 months ending December 31, 2024. The company plans to list on the Nasdaq with the stock ticker symbol ETOR. The company had secretly submitted its listing application on December 6, 2024. Goldman Sachs Group, Inc., Jefferies Financial Group Inc., UBS Group AG investment bank, Citigroup, Deutsche Bank Aktiengesellschaft, Bank of America Securities, Cantor Fitzgerald, and Citizens JMP under Charles Schwab Corp are the joint bookrunners for this transaction. The company has not yet disclosed pricing terms.