Yoni Assia eToro – Wikimedia
Israeli fintech giant eToro, led by founder and CEO Yoni Assia, has decided to freeze its planned initial public offering (IPO), according to a report by Axios.
The popular online trading platform, which was set to begin a new round of investor meetings this week, has put its flotation plans on hold due to increased financial market volatility. The uncertainty stems largely from escalating trade tensions triggered by U.S. President Donald Trump’s trade war policies, which have rattled global markets and impacted investor sentiment.
eToro, known for its social trading features and wide range of investment offerings including stocks, crypto, and ETFs, had been exploring a public listing to support its rapid global growth.The IPO plans were announced just last week and while the company did not reveal an expected value from it, in January reports indicated a possible $5 billion Valuation.
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However, with current market instability and unpredictable economic conditions, the company has opted to pause its IPO ambitions until a more favorable environment emerges.
As one of Israel’s leading fintech firms, eToro’s decision reflects broader concerns across the tech and finance sectors about the impact of geopolitical tensions on capital markets and investor confidence.
eToro Group Ltd (“eToro”) had officially filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) for its proposed initial public offering (IPO) of Class A common shares. While the number of shares and price range have not yet been determined, the company has applied to list on the Nasdaq Global Select Market under the ticker symbol “ETOR.”
Founded in 2007 by Yoni and Ronen Assia, and David Ring, eToro developed a platform where users can invest in a variety of equities, commodities, indices, and cryptocurrencies. eToro is a global community of more than 27 million registered users who share their investment strategies. The platform enables users to easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.
eToro calls itself the trading and investing platform that “empowers you to invest, share and learn,” with the vision of a world where “everyone can trade and invest in a simple and transparent way.”
Today eToro has over 35 million registered users from more than 100 countries.
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