Tel Aviv-based eToro agrees to acquire crypto wallet provider Zengo, a source says for ~$70M, mostly in cash; Zengo lets traders swap between tokens and fiat
Tel Aviv-based eToro agrees to acquire crypto wallet provider Zengo, a source says for ~$70M, mostly in cash; Zengo lets traders swap between tokens and fiat
EToro Group Ltd. has agreed to acquire Zengo, a crypto wallet provider, as the trading and investment platform expands its reach into decentralized finance.
Sources: Spark Capital gained ~$530M this week when eToro went public; Spark was eToro's largest shareholder at its IPO, with a ~13% stake after investing ~$19M
Katie Roof / Bloomberg :
Stock and crypto brokerage eToro prices its IPO at $52 per share, above its expected range of $46 to $50, raising nearly $310M and valuing the company at ~$4.2B
EToro, a stock brokerage platform that's been ramping up in crypto, has priced its IPO at $52 a share, as the company prepares …
Sources: eToro is considering launching its US IPO as soon as next week, after pausing its plans in April amid tariff-related stock volatility
Bloomberg :
Sources: StubHub, Klarna, eToro, and adtech group MNTN have paused their IPO plans as President Trump's trade war upends the global economy and public markets
Billions of dollars worth of acquisitions and initial public offerings are on hold as Donald Trump's trade war upends the global economy …
eToro files for an IPO, seeking to list as ETOR on the Nasdaq, and reports $12.6B in 2024 revenue, ~96% of which was from cryptoassets, and a $192M net income
Presentation of Financial Information — Our audited consolidated financial statements … Emily Jarvie / Proactive : eToro targets $4.5B valuation in Nasdaq IPO Nicholas Kitonyi / NFTgators : Etoro Va...
Sources: retail trading platform eToro has confidentially filed for a US IPO, seeking a $5B valuation; it was valued at $3.5B in 2023
Chief executive believes New York will give company access to a broader range of investors than a UK flotation — Retail trading platform eToro …
eToro USA agrees to pay $1.5M and limit US user trading to Bitcoin, Bitcoin Cash, and Ether to settle SEC allegations that it operated as an unregistered broker
except Bitcoin, Bitcoin Cash, and Ether: https://www.sec.gov/... Adam Cochran / @adamscochran : 1/9 The SEC settlement with eToro seems super weird at first, and a bit alarming. But it gets into a lot...
eToro CEO Yoni Assia says he is “exploring the right timing” for a London or NY IPO, as the Tel Aviv-based multi-asset trading platform seeks a $3.5B+ valuation
Chief executive says firm also looking at London listing, but adds US could connect it to more potential investors