Is eToro planning an IPO?

Israeli startup eToro, which offers its clients a platform for managing their investments, is planning an IPO in the coming weeks that will give it a valuation of as much as $10 billion. The initial public offering will be held together with an SPAC, Calcalist reports.

Will eToro go public at $5 billion?

(AP/Ng Han Guan) Israeli fintech firm eToro is reportedly planning to hold an initial public offering of shares on the Nasdaq stock exchange at a valuation of $5 billion in the second quarter of 2021.

What is the Etoro platform?

The eToro platform and app offer a variety of financial assets in which to trade and invest and is used by people in 140 countries.

What is an initial public offering (IPO)?

An Initial Public Offering, or IPO for short, is a process that a private corporation goes through in order to open its shares to the public. This process enables the company to raise money, and allows private investors to fully realise gains from their investment. It also allows new investors to join in on the company’s stock offerings.