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eToro Sets IPO Price Range at $46-$50 per Share, Nasdaq Debut Scheduled for May 14, 2025
ByAinvest
Tuesday, May 13, 2025 7:54 pm ET1min read
eToro is preparing for its IPO with a price range of $46-$50 per share, set to debut on Nasdaq on May 14, 2025. The offering is expected to be oversubscribed, indicating strong investor demand. eToro plans to offer 10 million shares, with 5 million coming from the company and 5 million from existing shareholders. The IPO is seen as a key test of the market and could signal renewed interest in upcoming public listings.
eToro Group, the social trading and multi-asset investing platform, is set to debut on the Nasdaq Global Select Market on May 14, 2025, with a price range of $46-$50 per share. The IPO, which is expected to be oversubscribed, indicates robust investor interest in the company. eToro plans to offer 10 million shares, with 5 million coming from the company and 5 million from existing shareholders [1].The strong demand for eToro shares comes after the platform delayed its IPO plans due to market reactions to President Donald Trump's April 2 tariff announcement. The company is led by CEO and founder Yoni Assia, who has co-authored the Colored Coins white paper with Ethereum creator Vitalik Buterin. eToro's financial performance in 2024, including a 41% increase in net contribution and a 1,161% surge in net income, underscores its potential for growth [2].
The IPO is being led by Goldman Sachs, Jefferies, UBS, and Citigroup, with BlackRock Inc. indicating an interest in purchasing up to $100 million of class A common shares. The company aims to raise up to $500 million through the offering. eToro's IPO is seen as a key test of the market and could signal renewed interest in upcoming public listings [1].
Once listed, eToro shares will trade under the ticker symbol ETOR. Investors can expect to see the company's share price influenced by various factors, including financial performance, user metrics, regulatory developments, sector sentiment, competition, and macroeconomic conditions [3].
References:
[1] https://seekingalpha.com/news/4447247-etoro-ipo-likely-to-price-higher-than-marketed-range---report
[2] https://finance.yahoo.com/news/etoro-ipo-set-strong-pricing-144227142.html
[3] https://capital.com/en-gb/learn/ipo/etoro-ipo
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