Yoni Assia, the CEO of social trading and investment platform eToro, recently revealed numerous factors indicating the current times is the best time for the firm to go public. Witnessing the significant growth in the firm during the year 2020, the CEO is confident regarding this move. eToro CEO Yoni Assia Feeling Confident About Firm Going Public Yoni Assia released a statement addressing the noteworthy sizing up of the firm, that said: “We’ve grown more than 147% year-over-year revenues.” The fact that this year has been very positive for the crypto market as bulls were at a constant rage can not be avoided in conjunction. Along with considerably the biggest discussion in recent times regarding the crisscrossing of social media and trading and investment platforms. In addition to this, Yoni Assia said: “We’re seeing an immense interest all around the world from people who want to participate in the global markets, which was our original vision from 2017 when we started our business of opening the global markets for everyone to trade and invest in a simple and transparent way.” Observing clearly the significant jump in the prices of BTC along with the other crypto assets in the market after witnessing the fall in the market prices. Trading Platform Going Public eToro made an official announcement regarding their plans to take their operations public on March 16, along with the detail that they are going to do so with SPAC. Yoni Assia expressed his views on planning to take the next step for the betterment of the company and said: “When your business grows faster than your expectations, it is always the right thing to do to make sure that you’re fully prepared to take the next stage of growth as a bigger company, as a public markets company.” Moreover, eToro has announced its intentions to purchase and merge with a special-purpose acquisition company named Fintech V.
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