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Trading Platform EToro Files for IPO After Crypto Drives 2024 Revenue Surge

  • EToro filed to sell shares to the public on the Nasdaq, marking a renewed IPO effort after a previous attempt in 2021.
  • Revenue at eToro more than tripled to $12.6 billion in 2024, mainly driven by cryptocurrency-related revenue of $12.1 billion.
  • Net income for eToro surged to $192 million in 2024, up from $15.3 million in 2023 according to its Form F-1 filing.
  • The company aims to raise $300 million to $400 million at a valuation of $4.5 billion.
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CNBC broke the news in United States on Monday, March 24, 2025.
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