eToro Files Confidential IPO Registration with US SEC

eToro has confirmed that it has confidentially filed a Form F-1 registration statement with the US Securities and Exchange Commission (SEC) in preparation for a potential initial public offering (IPO). The company has not disclosed specific details such as its planned valuation, the underwriters involved, or the expected timing of the offering.

In an official statement, eToro stated that the offering is contingent on the completion of the SEC’s review process, which could take several weeks or months. The registration statement does not include information about the number of shares to be offered or the price range, as these factors will be determined in the future. The company also emphasized that the filing does not yet constitute an offer to sell or solicit any securities.

eToro Files Confidential IPO Registration with US SEC

Earlier reports indicated that eToro had enlisted Goldman Sachs as the lead manager for the offering, with Jefferies and UBS as co-managers. The Financial Times previously speculated that eToro could be at $5 billion.

The confidential filing is a part of a process under U.S. securities regulations, which allows companies to file their IPO prospectus privately to address questions from regulators before publicly releasing detailed financials and other information. The typical review period for an IPO registration statement is at least 30 days, though it may involve multiple rounds of feedback and revisions before the final document is ready.

eToro’s potential IPO follows growing interest in its social trading model, which enables users to follow and copy the trades of successful investors. The company’s move to go public reflects its desire to expand further and capitalize on the growing demand for online brokerage services.

The final decision on timing and terms for the IPO will depend on market conditions and the successful clearance of the SEC review process.

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