eToro trading platform is collaborating with Goldman Sachs on an IPO in the United States.

According to sources, trading platform eToro is reportedly partnering with Goldman Sachs in preparation for its initial public offering (IPO) in the United States. Sources say that eToro is considering going public as early as the second quarter of next year, but this timeline may change. The company has indicated that they may seek a valuation higher than the $3.5 billion they raised in private funding last year. Sources also added that details, including the timing of the IPO, may change and more banks may join the list. eToro completed a $250 million funding round last year, bringing its valuation to $3.5 billion, with investors including ION Group, Softbank Vision Fund II, and Velvet Sea Ventures. Founded in 2007, eToro's trading platform allows users to trade stocks, cryptocurrencies, and follow top investors' trends. According to a recent statement, the platform has over 38 million registered users from 75 countries. eToro had previously attempted to go public through a merger with a Special Purpose Acquisition Company (SPAC) led by Betsy Cohen, with a valuation of $10.4 billion, but the deal was mutually terminated in 2022.