Trading Platform eToro Is Said to Pick Goldman Sachs for US IPO

EToro is working with Goldman Sachs Group Inc. on a potential initial public offering in the US, according to people familiar with the matter.

The trading and investment platform is considering going public as soon as the second quarter, though that timeline is subject to change, the people said. The company has said it could seek a valuation in a listing above the $3.5 billion figure it achieved in a private funding round last year.

Details of the offering including timing could change and more banks may be added to the lineup, the people said, asking not to be identified ...