eToro Charges Toward US IPO Amid Trump-Driven Market Chaos
Wall Street braces as retail trading platform eToro reportedly guns for a Nasdaq listing next week—because nothing says ’stable investment climate’ like a Trump-related volatility spike.
The Israeli fintech’s move comes as crypto and meme stocks whipaw on political uncertainty, proving once again that the markets will happily monetize even geopolitical turmoil. Expect bankers to frame this as ’seizing the opportunity’ rather than ’gambling on chaos.’
Bonus jab: At least someone’s profiting from the circus—your 401(k) certainly isn’t.
‘ETOR’
The IPO is being led by Goldman Sachs, Jefferies, UBS, and Citigroup. Shares would trade on the Nasdaq under the ticker “ETOR.”
eToro’s listing would mark one of the first IPOs to revive after the Trump-induced IPO freeze. The company also recently settled SEC allegations over unlicensed brokerage operations, agreeing to pay $1.5 million and limit U.S. crypto offerings.
Despite regulatory scrutiny, the broader crypto sentiment has improved, with Bitcoin trading above $100,000 and expectations of looser SEC oversight under Trump’s incoming administration.
eToro is targeting a valuation above the $3.5 billion it reached in its 2023 funding round, backed by SoftBank Vision Fund 2 and ION Group. The final IPO decision could still shift based on market conditions.
