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eToro Raises $620M in Successful Nasdaq IPO, Prices Shares at $52

Coin WorldWednesday, May 14, 2025 7:58 am ET

1min read

eToro, an Israel-based stock and crypto trading platform, has made a significant entry into the public market with a successful initial public offering (IPO) on the Nasdaq. The company priced its shares at $52, well above the initially proposed range of $46 to $50, raising a total of $620 million. This achievement marks a pivotal moment for eToro, positioning it as a strong competitor in the fintech industry, particularly against established players like Robinhood.

The IPO involved the sale of over 11.92 million shares, with eToro selling 5,961,509 Class A common shares and a similar number sold by existing shareholders. The trading of eToro shares commenced on May 14, 2025, under the ticker symbol ETOR. The offering window remains open until at least May 15, providing investors with a final opportunity to participate.

eToro's successful IPO is a testament to its robust business model and strong market position. The company's platform allows users to trade and invest in a variety of financial instruments, including stocks, cryptocurrencies, commodities, forex, ETFs, and indices. This diversification not only attracts a broad range of investors but also underscores eToro's commitment to innovation and growth in the fintech sector.

The IPO was backed by several prominent financial institutions, including Goldman Sachs, Jefferies, UBS, and Citigroup. This support highlights the confidence that major players in the financial industry have in eToro's potential for future success. The company's ability to exceed its target range and secure substantial funding is a clear indication of its strong market position and investor confidence.

eToro's entry into the public market comes at a time when the crypto trading space is becoming increasingly competitive. The company now faces direct competition from Robinhood, which has seen significant growth since its own IPO in July 2021. As of May 13, Robinhood's stock closed at $62, reflecting a 67% increase year to date. This puts Robinhood within striking distance of its February peak of $65, showcasing the intense competition eToro will face in the coming months.

Despite the competitive landscape, eToro's successful IPO sets the stage for intensified competition in the fintech industry. The company's ability to attract retail traders, crypto enthusiasts, and a constant demand for market action positions it well for future growth. As the crypto market continues to evolve, eToro's public journey is likely to attract further attention from both retail and institutional investors, potentially driving growth and innovation in the trading platform sector.

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