ETORO contemplates launching publicly in the US next week: Bloomberg

The trading company plans to quote Nasdaq next week, this after a strategic pause motivated by the tariff rates announced by President Trump last month.

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• ETORO It points to an assessment of USD $ 5,000 million in its stock debut.
  
• Exceeded USD $ 931 million in revenues during 2024.
  
• The interest of crypto companies to reach the stock market increases with new leadership in the Sec.

ETORO, One of the most popular investment platforms internationally, would be about to specify its IPO in the US market after a strategic pause at the rate of recent economic instability. As reported Bloombergthe company could make its debut at Nasdaq next week, provided that everything goes to the planned.

The change of climate in the markets – mainly to be a more favorable environment for technological and crypto values ​​- has cleared the way for ETORO Return one of the most anticipated stock market releases of the year.

Trump rates forced the debut

At the beginning of April, ETORO decided to suspend its initial public offer (IPO) After President Donald Trump announced a series of broad tariffs on imported goods. The announcement, made on April 2, generated movements in financial markets and fed fears of a new global commercial war.

This uncertainty led to ETORO, along with other high profile firms such as Klarna, Medline and Stubhub, They would postpone your stock exchange plans. The nervousness about commercial policies had a domino effect on the capitalization strategies of several technological companies.

With the setback of volatility and greater predictability in the markets, some of these companies are beginning to reactivate their IPO plans.

Etoro would look for an assessment of USD $ 5,000 million

According to previous reports, ETORO presented its documentation for the IPO At the beginning of the year, with the support of investment banks such as Goldman Sachs, Jefferies and UBS. The objective would be to achieve a market assessment close to USD $ 5,000 million, listing its shares under the ticket ETOR in it Nasdaq Global Select Market.

In its leaflet of IPO, the company revealed solid growth in its financial performance. For 2024, ETORO He reported commissions for a total of USD $ 931 million and a net gain of USD $ 192 million. This represents a considerable leap compared to USD $ 639 million in commissions and USD $ 15 million of net profit registered in 2023.

Although the company has not yet officially confirmed the exact date of the debut in the stock market, sources mentioned by Bloomberg They point out that the launch will depend on the final conditions of the market.

Regulatory advances drive the appetite by crypto companies

One of the key factors behind the renovated interest in companies linked to the crypto ecosystem is the change of direction in the US Stock Exchange and Securities Commission (SEC). The arrival of Paul Atkins, known for its pro-described approach, has been interpreted by many analysts as a regulatory opening signal towards digital assets.

This turn has encouraged other companies in the sector to reactivate their own intentions to quote on the stock market. Among them stand out Circle, Kraken and Gemini, which would be advancing in their respective exit processes to the public market, after reaching favorable regulatory agreements.

Founded in 2007, ETORO It has become a comprehensive platform for the trade of shares, quoted funds (ETF) and cryptocurrencies, aimed at both retail and institutional investors. Its combine traditional trading model with social network functions, allowing users to replicate strategies of other operators.

The IPO could not only contribute greater visibility and liquidity to the company, but also to be a thermometer of investor confidence in the Fintech sector and crypt in the United States.

In addition, the performance of ETOR in Nasdaq It will be closely observed by other technological firms that still evaluate whether the current conditions are stable enough to launch their own IPO.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Unspash, edited with Canva

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