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6d ago

eToro Debuts on Nasdaq After Pricing IPO Above Target at $52 per Share

The trading platform raised $310 million, valuing the company at $4.2 billion, as its shares began trading under the ticker ETOR.

Yoni Assia is eToro’s CEO and co-founder
EToro (CoinDesk Archives)
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Overview

  • eToro priced its IPO at $52 per share, surpassing its initial target range of $46 to $50, reflecting strong investor demand.
  • The IPO raised approximately $310 million, with 11.92 million Class A shares sold, evenly split between new shares and those sold by existing investors.
  • The company is now valued at $4.2 billion, marking a significant milestone after previous delays caused by market volatility and tariff-related uncertainty.
  • Goldman Sachs, Jefferies, UBS, and Citigroup served as lead underwriters for the offering, which positions eToro alongside other publicly traded fintech platforms like Robinhood and Coinbase.
  • eToro reported significant financial growth in 2024, with net income rising to $192.4 million from $15.3 million in 2023 and revenue increasing to $12.6 billion.