Reuters: IPOX® CEO Schuster on eToro's US IPO Filing Amid Retail Trading Boom
IPOX® CEO Josef Schuster was recently quoted by Reuters regarding eToro's US IPO filing, which revealed the Israeli trading platform's commissions surged 46% to $931 million in 2024. The company's profit dramatically increased to $192.4 million from $15.3 million the previous year.
"Management and owners are clearly seeing a 'window of opportunity' to take their companies public now," Schuster told Reuters, commenting on the wave of firms testing investor appetite for fresh listings after years of sluggish IPO activity.
Schuster further elaborated on eToro's strategic positioning: "The IPO will provide the company with the flexibility to potentially expand beyond crypto to capture the generational opportunities opening up from the rise of the retail investor globally."
Founded in 2007, eToro operates a trading platform allowing users to invest in stocks, cryptocurrencies, and other assets while mirroring strategies of top investors. The company plans to list on Nasdaq under the ticker symbol "ETOR" with Goldman Sachs, Jefferies, UBS, and Citigroup as lead underwriters.
This filing comes as the IPO market anticipates a revival in 2025, with retail trading surging as equity markets hit record highs amid renewed investor risk appetite.
Read the full article at Reuters:
https://www.reuters.com/world/middle-east/trading-platform-etoro-reports-revenue-surge-long-awaited-us-ipo-filing-2025-03-25/
