The company, founded in 2007, allows customers to trade assets such as stocks and cryptocurrencies. It managed $11.3b of customer assets across 3m accounts, the FT reported last March. Its progress towards a listing comes as other start-ups stay private for longer, frustrating the hopes of investors and bankers for blockbuster stock market flotations.
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Retail trading platform eToro files for US IPO and chases $5b valuation
“Very few of our global clients would trade UK shares,” he said. “Something in the US market creates a pool of both deep liquidity and deep awareness for those assets that are trading in the US.”
