One of the world’s most popular trading platforms wants to make their Wall Street debut.
What’s happening:
- eToro has officially filed a Form F-1 with the United States Securities and Exchange Commission for an IPO onto the Nasdaq
By the numbers:
- eToro did more than $12B USD in total revenue last year
- 96% of eToro’s revenue comes from crypto and digital asset trading
Why it matters:
- eToro is one of the most popular trading platforms and brokerages in the world, with more than three million users globally
Going deeper:
- Goldman Sachs, Jefferies, UBS and Citigroup will lead the financing round for eToro’s IPO
The fine print:
- This is the second time eToro has attempted to go public, after previously cancelling a transaction with a SPAC
