Bloomberg: eToro Plans U.S. IPO With Goldman Sachs
eToro, an online brokerage that offers trading in cryptocurrencies and stocks, is partnering with Goldman Sachs Group to prepare for a U.S. initial public offering, people familiar with the matter said, according to Bloomberg. eToro is considering going public as early as the second quarter, though that timetable is subject to change. The company has said it could go public at a higher valuation than the $3.5 billion it realised in a private placement last year. Details such as the timing of the offering are subject to change, and more banks could be added to the list, people familiar with the matter said.
Previously, eToro tried to go public at a $10.4 billion valuation by merging with a special-purpose buyout firm led by serial trader Betsy Cohen. The parties agreed to terminate the deal in 2022.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jia Yin Technology (JFIN.US) released its Q2 financial report, with cash and equivalents significantly increasing to 504 millions yuan.
Amid ongoing implementation of industry policies, Jiayin Tech has adapted to changing circumstances by accelerating strategic adjustments to its business structure, continuously optimizing its client base and business structure in areas such as customer acquisition, risk control, and operations. By the end of Q2, the company's cash and cash equivalents had risen significantly to 504 million RMB, strengthening its ability to weather industry cycles and ensuring solid development in the future.
Front Ventures appoints London-based finance professional Anders Pals as strategic adviser
Belpointe PREP sets June 30, 2026 NAV at $455.01 million, or $116.37 per Class A unit
Crypto prices
More
