eToro, the trading platform, is reportedly working with Goldman to go public in the US.
Sunday, Dec 8, 2024 9:50 pm ET
1min read Trading platform eToro is preparing for a US IPO, in partnership with Goldman, according to people familiar with the matter. The company is considering a listing as early as the second quarter of next year, though that timeline could change, the people said. eToro said it may seek a valuation higher than the $3.5bn it raised in a private placement last year.
eToro, which was founded in 2007, allows users to trade stocks and cryptocurrencies and follow top investors. It has more than 38m registered users from 75 countries, according to a recent statement. eToro previously tried to go public through a merger with a special purpose acquisition company led by Betsy Cohen, but the two sides agreed to terminate the deal in 2022.
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