'We definitely are eyeing the public markets': eToro CEO considers IPO after scrapped SPAC deal
Publishing timestamp: 2024-02-26 06:25:03
Summary
EToro CEO Yoni Assia is eyeing public markets for the company, which has already put work towards becoming a public company. The company reported impressive financial figures and has built good relationships with exchanges. EToro has purchased a company focused on content automation and plans to heavily focus on AI in 2024. Despite shelving plans to go public via SPAC, eToro raised funds and allowed early employees and investors to sell stock in a secondary share sale. Financial technology companies have faced challenges, but eToro remains optimistic about the future.
Sentiment: POSITIVE
Tickers: MSFT, AFRM, COIN, NDAQ,
Keywords: breaking news: markets, markets, coinbase global inc, affirm holdings inc, technology, microsoft corp, breaking news: technology, business news, nasdaq inc, internet,
Source: https://www.cnbc.com/2024/02/26/etoro-ceo-considers-ipo-after-scrapped-spac-deal.html