About a month after reports surfaced that Israel based, social trading focused online broker eToro was moving forward with an IPO, eToro itself has confirmed that the company has (confidentially) filed an “F-1” registration statement with US regulatory authorities.
In a very brief statement (see full text below), eToro didn’t really provide any more information such as a planned valuation of the company, who the underwriters of its IPO will be, or the timing of an offering.
Initial reports were that eToro had engaged Goldman Sachs as lead manager of the offering, as well as Jefferies and UBS as co-managers. Valuation-wise, the Financial Times had earlier reported a potential $5 billion valuation for eToro, but at this point that is still speculation.
US securities…
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