Cryptocurrency affable trade platform EToro has submitted an application for the first public offer (IPO) in the United States after several previous attempts.
The company said in the announcement of March 24 that it submitted a registration declaration on the F-1 form with the American Commission of Securities and Exchanges related to the IPO of ordinary shares of class A.
Etoro has submitted an application for a list of ordinary classes A on the global market of the selected NASDAQ under the symbol “Etor”, as announced:
“The registration declaration on the F-1 form related to these securities has been submitted to the SEC, but it has not yet become effective.”
Etoro public announcement IPO. Source: Ethoro
The public notification will take over two months after Etoro issued confidential reports to SEC towards the potential IPO in Novel York, Financial Times Reported is January 16.
The IPO ETORO application reported in January in January may appreciate the company in the amount of over $ 5 billion and replace the platform after the second quarter of 2025, recalling to unidentified sources familiar with this matter.
Trade platforms, such as EToro, are often used by starting investors who want to buy their first shares or cryptocurrency, thanks to the ease of apply.
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This is a developing story, and further information will be added as far as possible.
