eToro Prepares for US IPO Amid Trump-Induced Market Volatility

eToro Group Ltd. is set to launch its long-delayed US initial public offering as soon as next week, Bloomberg reports. The trading platform, which paused its IPO plans in early April due to market instability following former President Donald Trump’s tariff announcements, had filed with the SEC in late March. With volatility subsiding and comparable platforms like Robinhood showing strong recent growth, eToro is moving forward with its decision. The IPO, led by major underwriters including Goldman Sachs, Jefferies, UBS, and Citigroup, is seen as one of the first to resume after the turbulence triggered by Trump-induced uncertainty. In addition, the company has recently settled SEC allegations related to unlicensed brokerage operations by agreeing to a $1.5 million settlement and limiting U.S. crypto offerings. Part of the broader context includes improved sentiment in the cryptocurrency market, highlighted by Bitcoin trading above $100,000 and expectations of looser SEC oversight under the incoming Trump administration. eToro is also targeting a valuation above $3.5 billion, building on momentum from its strong 2024 financial performance.