eToro IPO raises $620 million in its successful Nasdaq debut

Shares priced at $52, above expected range of $46 to $50

BlackRock and major underwriters fuel demand for eToro’s shares

eToro, the Israeli trading platform, has launched its initial public offering (IPO) at $52 per share, which is above its earlier price range. The company collected about $620 million, and its shares are now traded on the Nasdaq under the ticker “ETOR.” This is a major milestone for the IPO market, showing increased investor confidence in fintech companies.

eToro had earlier set a share price range of $46 to $50, but increased it because of huge demand from investors. The company issued 11.92 million shares which includes both new and shares sold by current investors. The pricing increased the company’s valuation to about $4.2 billion.

eToro IPO Faces Regulatory Hurdles As First Attempt Flops

eToro’s IPO price surpassed expectations, which shows the huge investors demand despite economic uncertainties. eToro is famous for its diverse trading services that include stocks, cryptocurrencies and copy trading. The IPO comes after a time when eToro faces regulatory issues, mainly about its U.S. cryptocurrency services.

eToro had planned to go public at a market valuation of $10.4 billion, but it faced regulatory hurdles.  In 2022, the Israel-based firm’s attempt to go public through merger with a special purpose acquisition company (SPAC) failed. However, the company decided to pursue a direct IPO to have better control over the process.

Moreover, eToro decided to only offer Bitcoin, Bitcoin Cash, and Ethereum to U.S. customers in 2024. This decision came after the U.S Securities and Exchange Commission (SEC) charged eToro for operating as an unregistered broker and clearing agency.

eToro IPO Draws Institutional Interest

Goldman Sachs, Jefferies, UBS and Citigroup were the main underwriters for eToro’s IPO. Large institutional investors, such as BlackRock, have also expressed interest in the company and may buy up to $100 million in shares.

The successful eToro IPO launch indicates a potential comeback in capital markets, especially for fintech companies that deal with both traditional and digital assets. eToro intends to use the new capital raised to expand and improve its services across the world.

On May 14, 2025, eToro IPO made its official entry into public capital markets and its shares started trading. eToro’s shares price and market performance could set a benchmark for fintech IPOs in future. Investors and industry observers continue to monitor the impact of the eToro market debut on the cryptocurrency and trading platforms industry.

---

Filed under: Bitcoin - @ May 14, 2025 11:00 pm