Retail trading platform eToro files for US IPO and chases $5bn valuation
- Retail trading platform eToro has filed for a US IPO and seeks a valuation over $5 billion, according to the Financial Times.
- EToro previously planned a $10.4 billion merger with a special purpose acquisition company in 2021 but canceled it in 2022 due to worsening market conditions.
- The company received $250 million in funding in 2023, bringing its valuation down to $3.5 billion.
- EToro could begin trading in New York as soon as the second quarter of 2025, as reported by a source to the Financial Times.
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