PANews reported on March 25 that according to CoinDesk, eToro submitted an IPO application. Thanks to the surge in revenue in 2024 driven by cryptocurrencies, the company plans to raise $300-400 million at a valuation of $4.5 billion. Data shows that eToro's total revenue soared to $12.6 billion in 2024, of which 96% came from cryptocurrency trading. According to the recently submitted F-1 form data, eToro's net income in 2024 also jumped from $15.3 million in 2023 to $192 million. It is reported that the listing code applied by eToro is "ETOR".