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Trading platformeTorohas charge confidentially for a U.S. IPO that could value the company at over $ 5 billion , the Financial Timesreportedon Thursday .

Israel - base eToro , which competes with the likes of Robinhood , told TechCrunch it is “ not commenting on IPO rumors . ”

The fintech had ab initio announced plans to go public via a SPAC ata $ 10.4 billion valuationin 2021 before trash those design in 2022 . In March 2023 , itsecured $ 250 million in fundingat a $ 3.5 billion valuation . found in 2007 , eToro gives user a way to trade assets such as stocks , ETFs , and crypto . A source told FT that the company could officially list in New York as early as the second quarter .

After a lull and perhaps encouraged by ServiceTitan’spublic market place successthus far , more fintechs are taking stride to go public themselves . Digital bank Chimefiled its confidential paperworkwith the SEC in December .

Twitter partners with eToro to show real-time stock and crypto information

Rounds that matter: Fintech’s fortunes, DAO dreams, Asia’s reseller revival

eToro secures $250M at a $3.5B valuation after scrapping SPAC, seeing slower growth

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$25B-valued Chime files for an IPO, reveals $33M deal with Dallas Mavericks

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