eToro's Revenue Soars: Eyes on U.S. IPO Amidst Market Resurgence

eToro, the retail trading platform, reported a significant revenue surge, setting the stage for a U.S. IPO filing. The IPO market's anticipated revival is fueled by easing interest rates and heightened investor risk appetite. eToro aims to capitalize on these trends, even as it had previously canceled a public debut.

Israel's retail trading platform, eToro, has reported a revenue surge exceeding threefold for 2024 and announced plans for a U.S. initial public offering (IPO) filed late Monday. This move aligns with a broader wave of companies testing investor appetite for fresh listings amid a predicted IPO market revival in 2025.

With easing interest rates and increased risk-taking, optimism runs high among market analysts. The market's resurgence, however, depends on successful marquee listings. Josef Schuster, CEO of IPO-focused investment indexes IPOX, noted the current 'window of opportunity' for public offerings.

Fueled by strong corporate earnings and expectations for Federal Reserve rate cuts, retail trading spiked in 2024. eToro reported a revenue increase to $12.64 billion with a profit surge. The company sees its IPO as a way to expand beyond crypto, aiming to capture opportunities with global retail investors.

(With inputs from agencies.)