eToro Group Ltd., a global trading and investment platform founded in 2007 by Yoni and Ronen Assia, has filed for an initial public offering (IPO) on the Nasdaq, aiming to trade under the ticker symbol $ETOR. The Israel-based company, headquartered in Bnei Brak, is known for its social trading features that allow users to trade stocks, crypto, and other assets while following and copying top investors. The IPO filing follows a previous attempt to go public through a merger with a special-purpose acquisition company in 2021, which was terminated due to market conditions. In its IPO filing with the U.S. Securities and Exchange Commission, eToro disclosed that its revenue soared to $12.6 billion in 2024, up from $3.89 billion the previous year. This surge was largely driven by cryptocurrency trading, which accounted for 96% of the company's revenue, totaling $12.1 billion. Net income for the year reached $192 million, a substantial increase from $15.3 million in 2023. The IPO is being led by major underwriters including Goldman Sachs, Jefferies, UBS, and Citigroup. eToro's current move to list on the Nasdaq is part of a broader trend of fintech companies seeking public listings, with the company aiming to raise between $300 million and $400 million at a valuation of approximately $4.5 billion, significantly lower than the $10.4 billion valuation sought during the 2021 SPAC merger attempt.