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eToro Raises $620M in U.S. IPO, Valued at $4.3B

Coin WorldTuesday, May 13, 2025 8:26 pm ET

1min read

Cryptocurrency brokerage firm eToro has successfully completed its initial public offering (IPO) in the United States, raising nearly $620 million. The company, which is based in Israel and New Jersey, offered 11.9 million shares at $52 per share, exceeding its initial estimated range of $46 to $50. This upsized IPO valued the company at approximately $4.3 billion, based on roughly 82.87 million shares outstanding.

eToro's IPO marks a significant milestone for the company, which has seen substantial growth in recent years. In 2024, the company reported a net income of $192.4 million on revenue of $12.64 billion, a notable increase from the previous year's net income of $15.26 million on revenue of $3.43 billion. As of December 31, eToro had 3.5 million funded accounts and a presence in 75 countries, reflecting its global reach and expanding user base.

The company's mission is to democratize global markets by connecting users to leading investors and providing them with the tools necessary to grow their knowledge and wealth. eToro positions itself in the competitive online brokerage space by offering a diverse range of trading options, including stocks, cryptocurrencies, exchange-traded funds, and options, along with investment advice.

The successful completion of eToro's IPO comes at a time when the stock market has shown signs of recovery, following a period of uncertainty. This positive market sentiment has encouraged other companies to consider going public, although the availability of private capital remains a significant factor in the decision-making process for many firms.

eToro's IPO is expected to pave the way for other potential initial public offerings, as the company's performance will be closely watched by investors and analysts alike. The success of eToro's IPO could signal a renewed interest in the IPO market, particularly for companies in the technology and financial sectors. However, it is important to note that the IPO market remains competitive, and the availability of private capital continues to be a viable alternative for many companies.

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