eToro Group (ETOR) Files for Proposed IPO

eToro Group (NASDAQ: ETOR) has filed for a proposed IPO.

The company describes itself as: "eToro was founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. We set out to change the retail investing experience by pioneering social investing. We have built a collaborative investment community designed to provide users with the educational resources and tools they need to grow their knowledge and wealth. Users can view other investors’ portfolios and statistics, and interact with them to exchange ideas and discuss strategies. Our platform aims to combine the best elements of a social network with the ability to seamlessly trade and invest, all within a regulated, digital investment platform purpose-built for financial discourse and community."

Goldman Sachs & Co, Jefferies, UBS Investment Bank and Citigroup will serve as lead underwriters.

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