eToro Plans Wall Street Debut with $5 Billion IPO Goal
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eToro, a prominent cryptocurrency trading platform, is aiming for a Wall Street debut with a target valuation of $5 billion. The IPO could occur as early as the second quarter of this year. Despite its largest market being in the UK, eToro has chosen New York over London for its IPO. CEO Yoni Assia cited the US market's deep liquidity and awareness as key factors. This decision marks a shift from the company's previous attempt in 2021 to merge with a SPAC for a $10.4 billion valuation, which fell through in 2022 due to unfavorable market conditions.
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