eToro To Go Public In 2021
eToro To Go Public In 2021
December 31, 2020
eToro To Go Public In 2021
eToro To Go Public In 2021
December 31, 2020

eToro, the trading platform, has said that it could go public in 2021, as it has been working with the London Stock Exchange’s “Elite” program to prepare for an initial public offering.

An eToro representative said:

“EToro does not comment on market rumours.” 

It has been reported that employees at eToro have shared an article from Israel-based media outlet Calcalist announcing the IPO on LinkedIn, apparently with the blessing of CEO Yoni Assia.

However, the article from Calcalist stated:

“eToro is targeting an IPO in the second quarter of 2021 after doubling its revenue to $500 million and gaining five million new customers in 2020.”

It added:

“The company is currently in talks with investment bank Goldman Sachs regarding leading the IPO.”

Likewise, Coinbase recently filed with the United States Securities and Exchange Commission (SEC) to run an initial public offering in 2021.

A number of mainstream financial entities, such as MicroStrategy, have started a trend of institutional Bitcoin investments. Coinbase’s move to go public, along with hints at a similar move from eToro, could stimulate further adoption of cryptocurrency.

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Thus, Voyager, a digital-asset brokerage platform, also went public in Canada earlier this year. 

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.