eToro surges in IPO debut, pushing valuation to $6 billion

Frank DeMatteo

Wed, May 14, 2025, 10:11 AM 1 min read

Investing.com -- Global online broker eToro Group Ltd (NASDAQ:ETOR) surged successful its IPO debut Wednesday. Shares opened astatine $69.69 aft pricing astatine $52. The banal past traded astatine $72.25, up astir 39%.

Overnight, the institution priced its upsized IPO of 11,923,018 communal shares, up from 10 million, astatine $52, which was supra the expected $46-$50 range.

The institution and selling shareholders raised $620 cardinal successful the deal.

The institution sold 5,961,509 shares successful the offering, and selling shareholders, including CEO and laminitis Yoni Assia, are selling the different 5,961,509 shares.

The offering is being led by Goldman Sachs, Jefferies, UBS and Citigroup (NYSE:C). The underwriters person been granted an enactment to acquisition up to an further 1.79 cardinal shares.

Cornerstone capitalist Blackrock (NYSE:BLK), Inc. has indicated an involvement successful purchasing up to an aggregate of $100 cardinal people A communal shares successful the IPO.

As galore arsenic 82.37 cardinal Class A and Class B shares volition beryllium outstanding instantly pursuing the offering, suggesting a full valuation of astir $6 cardinal based connected the existent terms level.

Founded successful 2007, eToro boasted implicit 3.5 cardinal funded accounts successful 75 countries arsenic of the extremity of 2024.

eToro has been a pioneer successful the crypto space. The institution was among the archetypal EU-regulated brokers to connection Bitcoin. Further, CEO Assia, co-authored the Colored Coins achromatic insubstantial with Ethereum creator Vitalik Buterin—one of the earliest protocols for plus tokenization connected Bitcoin.

Net publication was $787 cardinal successful 2024, up 41% from the anterior year. Total committee for the twelvemonth was up 46% to $931 million. Net income for 2024 surged 1,161% to $192 million.

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