In 2024, eToro’s revenue skyrocketed to $12.6 billion, a more than threefold increase from previous years. The company, based in Bnei Brak, Israel, saw its cryptocurrency-related revenue surge to $12.1 billion, up from $3.4 billion in 2023. This financial success comes as eToro, founded in 2007 by Yoni and Ronen Assia, filed for an initial public offering (IPO) on the Nasdaq. The platform allows users to trade stocks, crypto, and commodities, and to replicate other traders’ portfolios. eToro’s net income also jumped significantly, reaching $192 million in 2024, compared to just $15.3 million the previous year. The company aims to raise between $300 million and $400 million at a valuation of $4.5 billion. This valuation is lower than the $10.4 billion sought in 2021 during a planned merger that was ultimately canceled. eToro will list under the ticker ETOR, with major underwriters including Goldman Sachs, Jefferies, UBS, and Citigroup leading the offering.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
