eToro Files for IPO, Aims to Raise $300-400 Million at $5 Billion Valuation

BlockBeats News, March 25th, online brokerage company eToro announced that it has submitted an IPO application, benefiting from the cryptocurrency-driven surge in revenue expected in 2024. The company plans to raise 3-4 billion dollars at a valuation of 45 billion dollars.

2024 data shows that eToro's total revenue soared to 12.6 billion dollars, with 96% coming from cryptocurrency trading. According to recently submitted F-1 form data, eToro's net income in 2024 also jumped from 15.3 million dollars in 2023 to 192 million dollars. It is reported that eToro has applied for the listing code "ETOR".