Foresight News reports that, according to Bloomberg, sources reveal that the online brokerage firm eToro, which provides cryptocurrency and stock trading, is collaborating with Goldman Sachs to prepare for an initial public offering 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. Sources indicate that details such as the issuance time may change, and more banks could join the list.
Previously, eToro attempted to go public with 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 deal at the end of 2022.