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Stock impact report

'We definitely are eyeing the public markets': eToro CEO considers IPO after scrapped SPAC deal [MSNBC.com]

Cazoo Group Ltd Class A Ordinary Shares (CZOO) 
Company Research Source: MSNBC.com
The eToro logo is seen during the 2021 Web Summit in Lisbon, Portugal.Pedro Fiúza | Nurphoto | Getty ImagesStock brokerage platform eToro is getting interest from bankers and investors about a public market listing after its scrapped plans to go public via merger with a blank-check company, CEO Yoni Assia told CNBC."We definitely are eyeing the public markets," Assia told CNBC in an exclusive interview last week. "I definitely see us becoming eventually a public company.""When is the ideal time to do that? We're always evaluating the right opportunity at the right time and the right market," he added.Assia said that his brokerage company has built good relationships with exchanges, including theNasdaq"It's our business, right? investors come to eToro to buy shares of a public company. So we're happy to engage and build those relationships over time as we scale more."Figures shared by eToro with CNBC exclusively show that the firm recorded $630 million in revenue in 2023, more or less Show less Read more
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