Money Makers Mentor

Israeli FinTech eToro Plans to go Public

Israeli fintech eToro is planning to go public. The company is currently in talks with Goldman Sachs to go public on Nasdaq. However, the company is also considering merging with a special purpose acquisition company (SPAC). Either way, the IPO would value eToro at approximately $5 billion.

The IPO could take place in Q2 2021, according to Calcalist. The fintech is on track to join other Israeli tech companies seeking U.S. IPOs. A few of these companies include ironSource, Monday.com, OrCam, and Outbrain. Like eToro, several of these companies are also considering an SPAC instead of a traditional IPO.

eToro has become popular among younger investors during the pandemic. More young investors are also flocking to stock trading app Robinhood. Both companies’ goal is to attract young …

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