Trading platform eToro has confidentially filed for a US IPO that could value the company at over $5 billion, according to the Financial Times. The Israel-based fintech previously attempted to go public via a SPAC in 2021 but abandoned those plans in 2022. In March 2023, eToro secured $250 million in funding at a $3.5 billion valuation. The company allows users to trade various assets, including stocks and cryptocurrencies. Sources indicate that a formal listing in New York could occur as early as the second quarter of 2025, reflecting a resurgence in fintech IPOs.