eToro files for IPO, plans to raise $300-400 million at $4.5 billion valuation

03/25 13:00

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eToro has submitted an IPO application, benefiting from the surge in revenue driven by cryptocurrencies in 2024. The company plans to raise 3-4 billion US dollars with a valuation of 45 billion US dollars. Data shows that eToro's total revenue in 2024 soared to 12.6 billion US dollars, with 96% coming from cryptocurrency trading. According to the recently submitted F-1 form data, eToro's net income in 2024 also jumped from 15.3 million US dollars in 2023 to 192 million US dollars. It is reported that the listing code applied by eToro is "ETOR".

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