Crypto trading giant eToro has officially set its sights on Wall Street, confirming on Wednesday that it has confidentially filed for an initial public offering (IPO) in the United States. The move marks the latest chapter in the fintech company’s yearslong struggle to debut on public markets.
In a brief statement, eToro revealed that it had submitted a draft registration statement with the U.S. Securities and Exchange Commission (SEC). However, the trading platform has yet to determine the number of shares it will offer or the expected price range.
The company noted that the IPO will proceed only after the SEC completes its review, leaving the timing of its public debut uncertain.
From $10.4B SPAC Deal To A Second Attempt At Public Listing
This isn’t eToro’s first attempt to join the ranks of publicly traded fintech firms. In March 2021, the company announced plans to merge with FinTech Acquisition Corp. V, a special purpose acquisition company (SPAC), in a blockbuster $10.4 billion deal.
