From Yahoo Finance: 2025-03-25 10:15:00

EToro Group Ltd. filed for an IPO, revealing a revenue of $931 million and net income of $192 million in 2024, a significant increase from the prior year. The share sale details will be disclosed later, as investors anticipate a rebound in the IPO market. Cryptoassets contributed 38% of the company’s trading commission.

In 2024, EToro reported total revenue of $12.6 billion, with cryptoassets accounting for $12.1 billion. The platform allows users to trade stocks and crypto, with a strong focus on following top investors. The IPO, led by major financial firms, is set to list on Nasdaq under the ticker symbol ETOR.

Cryptoassets saw a surge in trading activity, with President Donald Trump’s pro-crypto stance influencing the market. EToro’s decision to go public comes after a failed merger attempt in 2022. The company’s revenue and net income have shown significant growth, reflecting a positive outlook for the IPO market this year.

Read more: EToro Files for IPO Showing Commissions Jumped 46% Last Year