eToro Lists on NASDAQ at $52 per Share: Raising Approximately $620 Million with a Market Capitalization of $4.2 Billion

05/14/2025

New Fintech Trading Platform eToro Successfully Goes Public

eToro, a new fintech trading platform, successfully listed on the Nasdaq Stock Market on May 14, with the stock code “ETOR.” This initial public offering (IPO) was priced at $52 per share, exceeding the original expectation of a range between $46 and $50, raising approximately $620 million and achieving a valuation of $4.2 billion.

eToro Listing Information Overview

Listing Date: May 14, 2025

Stock Code: ETOR

Issue Price: $52 per share

Number of Shares Issued: 11,923,018 shares

Total Amount Raised: Approximately $620 million

Company Valuation: Approximately $4.2 billion

From SPAC Failure to Successful Listing

Founded in 2007 and headquartered in Israel, eToro provides trading services for a diverse range of assets including stocks, cryptocurrencies, and ETFs. In 2021, eToro planned to go public through a merger with a special purpose acquisition company (SPAC), achieving a valuation of $10.4 billion; however, this plan was halted in 2022. This successful listing symbolizes eToro’s strong return after experiencing a downturn.

eToro Business Highlights and Growth Momentum

User Base: As of the end of 2024, eToro has over 3.5 million funded accounts, with operations in 75 countries worldwide.

Financial Performance: In 2024, the company reported revenue of $1.264 billion and a net profit of $192 million, a significant increase from $15.26 million in 2023.

Cryptocurrency Business: Revenue from cryptocurrency trading accounted for 38% of total trading revenue in 2024.

Potential Future Developments for eToro

Global Market Expansion: eToro plans to further expand its business in the U.S. and Asian markets, especially in cryptocurrencies, and aims to make investing as engaging as social platforms, allowing users to observe, copy trades, and exchange strategies.

Product Diversification: eToro may introduce more financial products, such as options trading and retirement accounts, to meet the needs of different investors.

Technological Innovation: eToro continues to invest in platform technology to enhance user experience and strengthen risk management and compliance.

Risk Warning

Investing in cryptocurrencies involves high risks, with prices potentially experiencing significant volatility, which may result in the loss of your entire principal. Please assess risks carefully.