Investment platform eToro aims to garner $500 million via Initial Public Offering (IPO)
eToro Successfully Completes $310 Million IPO on Nasdaq
eToro, the popular social trading app, officially went public on May 14, 2025, with a successful initial public offering (IPO) on the Nasdaq Global Select Market. The company began trading under the ticker symbol “ETOR” at 12:32 PM ET.
The IPO raised approximately $310 million at an IPO price of $52 per share, making it a part of a $620 million deal size. This significant milestone came four years after the initial public filing, which was released in March 2025.
Key details of the IPO include: - IPO Date: May 14, 2025 - Stock Symbol: ETOR - Exchange: Nasdaq - Price: $52 per share - Shares offered: 11.9 million common shares - Total raise: Approximately $310 million (part of a $620 million deal size) - Opening trade price: $69.69
In the year leading up to the IPO, eToro reported a net contribution of $787 million and net income of $192 million. The firm, founded in 2007 in Tel Aviv, Israel, is now serving over 40 million users worldwide.
The IPO was led by Goldman Sachs, Jefferies, UBS, and Citi. Notable investors, such as certain funds and accounts managed by BlackRock, have expressed interest in purchasing as much as $100 million in shares at the IPO price.
eToro's IPO comes amidst a wave of fintech companies filing for IPOs. Companies like Klarna and Circle have also filed for IPOs this year, as predicted by Nigel Morris, co-founder of QED Investors, who named eToro as part of a "generation" of firms likely to file IPOs this year.
However, the IPO pursuit was temporarily put on hold due to tariff-related market volatility. Since then, the number of fintech IPOs has decreased, with only 13 since the 61 in 2021.
eToro's social trading app allows users to replicate the trading strategies of top investors, making it a unique player in the fintech industry. As the company continues to grow and evolve, it will be interesting to see how it navigates the ever-changing landscape of the financial markets.
Investing in eToro's IPO, representing a significant portion of a $620 million deal size, provides an opportunity for businesses to expand their financial portfolio, given the company's successful completion of the offering on Nasdaq. The technology-driven social trading app, a unique entity in the fintech industry, continues to attract investors as it leverage advancements in digital platforms for business growth.
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