Israel’s eToro considers New York IPO, seeks $3.5 bln valuation, FT says

Israeli digital brokerage eToro is seeking a valuation of more than $3.5 billion and considers the US a potential destination to list its shares, the Financial Times reported on Sunday.

The retail trading platform is weighing an initial public offering (IPO) in New York or London, CEO Yoni Assia told the newspaper, adding that a US listing would give the company access to a broader range of investors than a presence on the British market.