eToro Might Hold an IPO

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Despite rumors, eToro CEO Yoni Assia confirmed that the crypto-friendly investment platform still plans to go public.

In a conversation with CNBC, Assia stated that the company is actively pursuing opportunities in the public markets and that he can see eToro eventually becoming a publicly listed company.

While he did not provide a specific timeline, Assia revealed that eToro has established relationships with exchanges such as Nasdaq and is constantly evaluating the right opportunity in the right market.

According to reports shared with CNBC, eToro posted revenue of $631 million in 2023 ($631 million in the previous period), with EBITDA of $100 million. The company currently manages over $10 billion in assets and boasts 35.5 million registered users.