eToro Moves Closer to IPO with $5B Valuation Target

Hey Fintech Fanatic!

Big news in trading! eToro has confidentially filed an “F-1” registration statement for an IPO with U.S. ???? regulators, aiming for a potential $5 billion valuation. This follows its $3.5 billion valuation in a 2023 funding round that raised $250 million.

For now, the IPO valuation remains speculative, as U.S. securities rules allow companies to clear their filing behind closed doors—answering regulators' questions before making financial details public. eToro kept its announcement brief, offering no specifics on valuation, underwriters, or timing. However, earlier reports point to Goldman Sachs as the lead manager, with Jefferies and UBS as co-managers.

With IPO registration typically taking at least 30 days to clear, the countdown is on. Will this be a defining moment for online trading?

Stay tuned for more updates ?? and I’ll be back tomorrow!

Cheers,

Marcel

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