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eToro Puts a Price Tag of over $3.5 Billion to Potential IPO

From financemagnates.com

Israel’s eToro is again considering going public with a valuation of more than $3.5 billion, the brokerage’s CEO, Yoni Assia, told the Financial Times. In its previous failed attempt to go public, eToro signed a $10.4 billion deal with a blank check company, showing a massive valuation cut by the brokerage. While the broker is primarily operating in the United Kingdom, its strategic consideration of the United States for public listing is driven by the deep liquidity in the market. However, the broker has not ruled out London as the potential market for its public listing. “Retail investors in the UK and Germany want ... (full story)

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