Popular social trading app eToro was planing IPO with over 5bn dollar

Recently eToro Report them they might taking action about initial public offering (IPO) , since company was founded at 2007 , at not far time ago they just entered the U.S. market opreation crypto Trading serivce . they also have sub-company call eToroX which is fully Crypto trading platform.

however report still not comfirmed detaill yet by end of this report , aand eToro has not officially announced the news itself . An eToro representative told Crypto Briefing that the firm “cannot confirm or deny” Calcalist’s report.

Currently planning to conduct a US$5 billion IPO, and in order to enter the Wall Street listing transaction as soon as possible, it is not even ruled out to merge “Special Purpose Acquisition Company” (SPAC, Special Purpose Acquisition Company) to go public

biggest Trading platfrom after robinhood

Since 2020 after market crash many Investor are rush into Stock market , eToro are simply like robinhood but eToro had clients from around world , which mean itself could be valuable than other competitive .but it is less than half of the $11 billion valuation of Robinhood during its recent funding round from private investors in August 2020. Robinhood has 15 million users

About eToro detail

one of eToro success . now they have more than a total of 17 million registered users from more than 140+ counties clients , eToro offering more 5000+ Stocks and ETF around world including China , US , Europan Stock markets .

Since its founding, eToro has been invest $200M with by investors including venture capitalist Chemi Peres, Ping An Insurance, and China Minsheng Financial.

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