Summary
- eToro has announced that it has applied for an IPO on the U.S. stock market.
- It aims for a company valuation of $5 billion and hinted at the possibility of entering in the second quarter of this year.
- eToro reported that it supports stock and virtual asset trading for 3 million accounts worldwide.
Social trading platform eToro has applied for an initial public offering (IPO) on the U.S. stock market.
According to a report by the Financial Times (FT) on the 16th (local time), eToro has submitted documents to U.S. regulatory authorities for a new stock offering aiming for a company valuation of $5 billion. It is expected to enter the New York Stock Exchange as early as the second quarter of this year.
eToro was founded in 2007 and supports stock and virtual asset trading for 3 million accounts worldwide.
YM Lee
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