eToro files for IPO to raise $3- $400 million at $4.50 billion valuation
2025-03-25 20:54:57
eToro filed for an IPO as it seeks to raise $3- $400 million at a $4.50 billion valuation thanks to a surge in revenue driven by cryptocurrencies in 2024. Data show that eToro's total revenue in 2024 soared to $12.60 billion, of which 96% came from cryptocurrency trading. According to the recently filed F-1 form data, eToro's net income in 2024 also jumped to $192 million from $15.30 million in 2023. It is reported that the listing code of eToro's application is "ETOR".
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