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Crypto Trading Platform eToro Is Seeking A Mid-2021 IPO, Valued At $5 Billion, Report Says
Summary: eToro, a cryptocurrency trading and investment management platform based in Israel, is planning an initial public offering (IPO) in New York with a valuation of $5 billion, as reported by Israeli news media Calcalist. The company is negotiating with Goldman Sachs to lead the IPO, which is set to be completed by the end of the ...
eToro, a cryptocurrency trading and investment management platform based in Israel, is planning an initial public offering (IPO) in New York with a valuation of $5 billion, as reported by Israeli news media Calcalist. The company is negotiating with Goldman Sachs to lead the IPO, which is set to be completed by the end of the second quarter of 2021.
eToro is also considering a merger with a special purpose acquisition company to speed up the IPO. According to Calcalist, the company developed an investment management platform earlier this month and completed $2.5 billion in financing. Since the beginning of this year, eToro has attracted 5 million new customers and doubled its revenue to $500 million.
By Mary Liu
Tags: Crypto Trading,etoro,Goldman Sachs,IPO
Link: Crypto Trading Platform eToro Is Seeking A Mid-2021 IPO, Valued At $5 Billion, Report Says [Copy]
