According to PANews news on July 31, according to CNBC reports, eToro, a multi-asset investment platform that provides users with stock, cryptocurrency and contract for difference transactions, provided early employees and angel investors with the opportunity to sell shares to some of eToro's existing investors. The round is a secondary stock sale, meaning the company hasn't issued any new shares and won't receive any net proceeds from the deal. The stock offering totals $120 million, according to people familiar with the matter, at a valuation slightly lower than the $3.5 billion valued in a Series A funding round earlier this year.


As reported in July last year, eToro announced the termination of the SPAC transaction and planned private placement financing.
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