PANews reported on December 6 that according to Bloomberg, people familiar with the matter revealed that eToro, an online brokerage company that provides cryptocurrency and stock trading, is working with Goldman Sachs Group to prepare for an initial public offering in the United States. eToro is considering going public as early as the second quarter, but this timetable may change. The company said its listing valuation may be higher than the $3.5 billion achieved in private financing last year. People familiar with the matter said that details such as the issuance time may change, and more banks may join the list.
Previously, eToro attempted to go public at a valuation of $10.4 billion through a merger with a special purpose acquisition company led by serial trader Betsy Cohen. Both parties agreed to terminate the transaction in 2022.
