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Trading platform eToro has privately filed for a US IPO that could value the company at $5 billion, the Financial Times reports Report Thursday
Israel-based Etoro, which competes with the likes of Robinhood, told TechCrunch that it is “not commenting on IPO rumours.”
The fintech initially announced plans to go public through a SPAC A $10.4 billion valuation in 2021 before canceling these plans in 2022. In March 2023, it is $250 million in financing secured At a valuation of $3.5 billion. Founded in 2007, eToro offers users a way to trade assets such as stocks, ETFs and cryptos. A source told the FTK that the company could officially list in New York as early as the second quarter.
After a quiet and perhaps encouraged by ServiceTitan Success in public markets Meanwhile, more fintechs are taking steps to go public themselves Digital Bank Chim Submitted his confidential documents with the SEC in December.
