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.
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