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Boosted by cryptocurrency trading growth, eToro files for initial public offering

  • eToro Group Ltd. has filed for an initial public offering.
  • eToro reported $12.6 billion in revenue in 2024, with 96% of it coming from crypto assets.
  • The company's IPO filing follows a failed merger attempt with FinTech Acquisition Corp. V.
  • Estimated valuation for eToro's IPO is around $5 billion, lower than previous projections.

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