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News and Insight - eToro Celebrates IPO Milestone As $ETOR Hits The Market!

Celebrating an eToro milestone as $ETOR goes public on the Nasdaq

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eToro Celebrates IPO Milestone As $ETOR Hits The Market!

eToro successfully launched its initial public offering (IPO) on the Nasdaq under the ticker symbol “ETOR” on May 14, 2025. The company priced its 11.92 million shares at $52 each, exceeding its initial target range of $46 to $50, and raised approximately $620 million. In its debut, eToro’s stock surged 29%, closing at $67, signalling strong investor confidence and marking one of the first major fintech IPOs in recent years.

eToro’s decision to proceed with a traditional IPO reflects its robust financial performance, including a reported revenue of $12.6 billion and a net income of $192 million in 2024, largely driven by cryptocurrency trading activities .

The successful listing not only provides eToro with capital to fuel its expansion but also indicates a renewed appetite for fintech offerings in the public markets.

About eToro:

eToro joined Level39 back in 2013, and have since seen huge growth in their UK HQ.

eToro is the trading and investing platform that empowers users to invest, share and learn. eToro was co-founded in 2007 in Israel by Yoni and his older brother, Ronen Assia. Yoni has said the company was started in his parents’ garage on a big internet server. Ronen sits on the management team and is an executive director.

The company grew quickly from its inception as new investors entered a bull market, initially raising $1.5 million at a $5 million valuation. It launched bitcoin trading in 2013, around the time of the crypto winter that depressed digital asset values. The team behind eToro has eyed public markets before but opted not to pull the trigger. It was slated to go public through a special-purpose acquisition company (SPAC) in 2022, which would have valued the business at $10.4 billion. The deal fell apart amid more government scrutiny on the once-popular SPAC IPO process.

It then raised $250 million in 2023 at a valuation of $3.5 billion.

Source: Yahoo Finance

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Daisy Harris