Digital trading platform
eToro may be queuing for an initial public offering (IPO) on Nasdaq according to a recent report. The Fintech is said to be chatting with Goldman Sachs to manage the IPO.
Depending on where you are sitting, eToro enables trading in both digital assets, listed shares, FX as well as commodities. In the US, it is crypto-only but that may change in the near future.
The Israel based firm is said to be working with Goldman Sachs on the IPO that may take place in Q2 2021, according to Calcalistech. eToro may also be considering going public via a Special Purpose Acquisition Company (SPAC), a popular path to streamline the process of trading shares on an exchange. Valuation may top $2.5 billion fueled by recent gains in new accounts. eToro reportedly gained 5 million new customers in 2020 boosted by COVID lockdowns.