This IPO project is part of a stockmarket climate where a wind of opportunity is blowing, buoyed by hopes of deregulation under the Trump administration. It's an atmosphere that's prompting a number of companies to try their luck on the markets, despite the capricious economic climate, between trade tensions and geopolitical uncertainties.
Founded in 2007, eToro has established itself as a benchmark in social trading, enabling users to follow and copy the strategies of other investors. A sort of financial social network, where users "like" each other's performance. And the least we can say is that the company's performance has been impressive: in one year, net profit has risen from $15.3m to $192.4m. An impressive leap, to make many traditional players in the sector pale in comparison.
The company plans to list on the Nasdaq Global Select Market, under the ticker symbol "ETOR", a clear sign of its ambition to establish itself as a key player in consumer trading on a global scale.
To orchestrate this operation, eToro has surrounded itself with heavyweights: Goldman Sachs, Jefferies, UBS and Citigroup will be at the helm.
