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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 .