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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18 Articles
18 Articles
All
Left
4
Center
2
Right
Coverage Details
Total News Sources18
Leaning Left4Leaning Right0Center2Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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