eToro files with US SEC to list on Nasdaq, plans to raise $400m
Stock and cryptocurrency trading platform eToro has filed for a public stock offering on the Nasdaq, where it plans to raise $400 million at a valuation of about $4.5 billion. eToro's IPO prospectus says its revenue more than tripled since last year to $12.6 billion. Most of the revenue came from cryptocurrency-related revenue, which increased from $3.4 billion in 2023 to $12.1 billion last year.
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