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Trading platform eToro The Financial Times has confidentially filed for a US IPO that could value the company at more than $5 billion. informed on Thursday.
Israel-based EToro, which competes with the likes of Robinhood, told TechCrunch that it “does not comment on IPO rumors.”
The fintech initially announced plans to go public through a SPAC It is worth 10.4 billion dollars in 2021 before canceling those plans in 2022. In March 2023 provided 250 million dollars It was valued at 3.5 billion dollars. Founded in 2007, eToro allows users to trade assets such as stocks, ETFs and cryptocurrencies. The company could officially list in New York in the second quarter, a source told the FT.
After a lull and maybe encouraged by ServiceTitan public market success By now, more and more fintechs are taking steps to go public themselves. Call digital banking submitted his confidential documents with the SEC in December.
