On May 14, 2025, eToro held a successful initial public offering (IPO) on the Nasdaq, raising around $310 million.
eToro's Nasdaq Debut
eToro debuted on the Nasdaq under the ETOR ticker, pricing its IPO at $52 per share, exceeding the expected range of $46 to $50, indicating strong investor demand. Nearly six million shares were sold in the offering, valuing the company at approximately $4.2 billion at the time of its IPO.
eToro's Financial Performance Dynamics
In 2024, eToro's net income surged to $192.4 million from $15.3 million in the previous year, driven by a growing interest in cryptocurrency and active user participation. Revenue from crypto assets more than tripled to over $12 million, accounting for a quarter of the company's total trading revenue.
Prospects and Impact of the IPO
The timing of eToro's IPO coincided with signs of recovery in the IPO market following a prolonged downturn. Previously, eToro had aimed to go public through a SPAC merger, which was delayed due to unfavorable market conditions. Now officially listed, the company is poised to drive significant changes in trading and investment practices.
The success of eToro's IPO opens new opportunities not only for the company but for the entire public offering market as interest in fintech and technology continues to grow.
