eToro Group has confidentially filed a draft Registration
Statement on Form F-1 with the US Securities and Exchange Commission (SEC) in
relation to its planned initial public offering (IPO) of ordinary shares.

As of now, the number of shares to be offered and the price
range for the offering have not been specified.

eToro IPO Pending SEC Review Process

The IPO is expected to occur once the SEC completes its
review of the Registration Statement, which is subject to market conditions and
other factors. However, eToro has not set a definitive timeline for when the
offering will take place.

The company issued a press release in compliance with Rule
135 under the Securities Act of 1933. It clarified that the release does not
constitute an offer to sell or the solicitation of an offer to buy securities.
Any such activities will be conducted in line with the registration
requirements stipulated by the Securities Act.

‘We definitely are eyeing the public markets’: eToro CEO considers IPO after scrapped SPAC deal https://t.co/c5UFrZQpLQ

— CNBC (@CNBC) February 26, 2024

eToro Revisits IPO After Past Setbacks

This isn’t eToro’s first attempt to go public. In
2021, the platform planned a $10.4 billion SPAC merger but abandoned the
effort due to challenging market conditions. In 2023, eToro raised $250 million
at a $3.5 billion valuation, signalling a rebound fuelled by rising equity and
cryptocurrency markets.