eToro's Surging Revenue Fuels IPO Ambitions Amid Market Revival

Israel's eToro reports a threefold revenue surge as it files for a U.S. IPO, anticipating a market revival in 2025. The company saw revenues rise to $12.64 billion in 2024. Renewed investor risk appetite and tech sector enthusiasm drive the IPO market, though success depends on prominent debuts.

Israel's trading platform, eToro, has reported a remarkable surge in revenue for 2024, exceeding threefold compared to the previous year. In a move that aligns with a growing interest in IPOs, the company has filed for a U.S. initial public offering, joining numerous firms eager to gauge investor interest in new listings.

Market experts predict a significant revival for the IPO landscape in 2025, buoyed by easing interest rates and increased risk tolerance among investors. Key to this recovery will be the success of high-profile listings, as retail trading gains momentum with equity markets experiencing record highs.

eToro's revenues soared to $12.64 billion by the end of 2024, and the company's previous plans to go public, which were shelved in 2022, are back on the table. The Nasdaq listing, with underwriting led by firms like Goldman Sachs and UBS, could signal a new wave of market activity.

(With inputs from agencies.)