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eToro Boosts IPO to $620M, Prices Shares at $52

Coin WorldWednesday, May 14, 2025 1:15 am ET

1min read

eToro, a prominent platform for crypto and stock trading, has successfully increased the size of its initial public offering (IPO) to $620 million by pricing its shares above the initially suggested range. The company and its backers sold over 11.92 million shares at $52 each, with trading set to commence on the Nasdaq Global Select Market on May 14 under the ticker symbol ETOR.

Originally, eToro aimed to raise $500 million by offering 10 million shares priced between $46 and $50 each. The share offering will remain open until at least May 15 and includes more than 5.9 million shares sold by eToro and an equal number sold by specific existing shareholders.

eToro's IPO marks its entry into the public market as a competitor to Robinhood Markets Inc., which went public in July 2021. Robinhood's shares have seen significant growth, up over 67% year to date. eToro's decision to go public comes after confidential filings with the SEC in January and a public announcement of its plans on March 24.

Digital banking fintech firm Chime has also applied to list its stock on the Nasdaq Global Select Market, although the number of shares and price range have yet to be determined. Investment advisory firm Renaissance Capital speculated that Chime’s IPO could raise up to $1 billion.

Other crypto companies are also considering public offerings. Crypto exchange Kraken is reportedly planning an IPO this year, while stablecoin issuer Circle filed with the SEC on April 1 but paused its plans due to market volatility. Crypto custody services firm BitGo launched a global over-the-counter trading desk for digital assets in February, indicating its preparations for an IPO later this year.

In December last year, crypto exchange-traded fund issuer Bitwise predicted that at least five crypto unicorns would go public by 2025, including stablecoin issuer Circle, crypto exchanges Kraken and Figure, and crypto bank Anchorage Digital and blockchain analytics firm Chainalysis. In 2021, Coinbase became the first major crypto firm to go public in the US, listing its shares on the Nasdaq.

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