The eToro cryptocurrency trading and investment management platform is considering going public in what would have been a $ 5 billion initial public offering, according to a report by Israel's Calcalist news agency.
EToro, which developed an investment management platform for private investors, has seen a jump in value since the beginning of the pandemic. Earlier this month the company completed a $ 2.5 billion share sale round. After that, in 2018, it raised $ 800 million.
The Israel-based company is in talks with Goldman Sachs over whether to lead the offer, which would be completed by the end of the second quarter of 2022.
The broker is also considering the possibility of a merger with SPAC in order to accelerate its entry into the Wall Street market.
The exchange has recruited 5 million new customers since the beginning of the year and is profitable, according to the report. The company declined to comment on the document, Calcalist said.
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