Israel-based retail trading firm eToro is reportedly spurning the London Stock Exchange in hopes of chasing a US initial public offering (IPO).
According to a new report by The Financial Times, people familiar with the matter say that the crypto-friendly trading platform has made confidential filings with the U.S. Securities and Exchange Commission (SEC) even though its largest market is the United Kingdom.
Confidential filings allow firms to pursue their plans without revealing them to the public until they are ready.
The report also says that eToro is seeking a $5 billion evaluation and could be live in the New York markets as soon as Q2 of this year.
Last year, eToro chief executive and founder Yoni Assia told The Financial Times that being
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