Retail trading platform eToro has confidentially filed for an initial public offering (IPO) in New York, aiming for a valuation exceeding $5 billion. This move follows the company's decision to list in the US rather than London, citing broader investor access and increased market awareness.
Retail trading platform eToro has made confidential filings to US regulators in a significant step towards an initial public offering in New York this year that could value the business at more than $5bn. The group, whose largest market is the UK, is the latest to avoid listing in London, which has been struggling to attract and retain high-profile company listings.
The group has now submitted confidential filings to the Securities and Exchange Commission for a US IPO, people familiar with the matter said. It could list in New York as soon as the second quarter of this year, one of the people added.A confidential filing with US regulators allows companies to privately move forward with their plans to list, before publicly unveiling their documents closer to pursuing a flotation.
Etoro IPO US Stock Market Valuation Retail Trading
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LNG developer Venture Global files for US IPOLiquefied natural gas exporter looks to tap into enthusiasm over Trump’s pledge to boost energy exports
Read more »
Venture Global Files for IPO to Capitalize on LNG BoomVenture Global, a major US LNG developer, has filed for an initial public offering (IPO) aiming to raise $3 billion to $4 billion, potentially becoming one of the largest energy listings in US history. The company plans to build and operate five LNG terminals on the US Gulf Coast, anticipating a surge in exports under President-elect Donald Trump's energy dominance policy. Venture Global has secured substantial funding for its projects and expects lucrative long-term contracts. However, the company faces controversy over alleged contract breaches with major customers like Shell and BP.
Read more »
EG Group to List on New York Stock Exchange in $13 Billion IPOPrivate equity-backed petrol station company EG Group is planning a listing on the New York Stock Exchange (NYSE) in a deal that could value the business at approximately $13 billion. The move, driven by a desire to capitalize on the North American market and benchmark against listed rivals, would mark a significant shift for the UK-based company.
Read more »
Family of Leicester City Owner Files £2.15 Billion Lawsuit Against Helicopter ManufacturerThe family of Vichai Srivaddhanaprabha, the former chairman of Leicester City Football Club, has filed a £2.15 billion lawsuit against the manufacturer of the helicopter that crashed in 2018, killing Srivaddhanaprabha and four others. The lawsuit alleges that a mechanical failure caused the crash and seeks compensation for the loss of earnings and other damages.
Read more »
Chevron Eyes $6 Billion-$8 Billion Cash Flow Growth by Next YearChevron Corp. anticipates substantial growth in free cash flow and cost reduction in the near future, driven by new oil production projects globally. CEO Michael Wirth highlights the company's commitment to expanding its operations in Kazakhstan, the U.S. shale sector, and the Gulf of Mexico. The article also discusses Chevron's acquisition of Hess Corp., which is facing legal challenges from Exxon Mobil regarding Hess's stake in Guyana's oil resources.
Read more »
Anthropic Nears $60 Billion Valuation with $2 Billion FundingAnthropic, the creator of the Claude AI chatbot, is nearing a $60 billion valuation after securing a $2 billion investment. This latest funding round follows a $4 billion investment from Amazon, highlighting the intense competition within the AI sector.
Read more »