Bloomberg: Trading platform eToro plans to go public in the U.S

ChainCatcher news, according to Bloomberg, informed sources revealed that the online brokerage firm eToro, which offers cryptocurrency and stock trading, is collaborating with Goldman Sachs to prepare for an initial public offering (IPO) in the United States. eToro is considering going public as early as the second quarter, although this timeline may change. The company stated that its listing valuation could exceed the $3.5 billion achieved in last year's private financing. Informed sources indicated that details such as the issuance timing may change, and more banks may join the list.

Previously, eToro attempted to go public with a valuation of $10.4 billion by merging with a special purpose acquisition company led by serial trader Betsy Cohen. Both parties mutually agreed to terminate the transaction at the end of 2022.