Leading financial technology company eToro aims for a $4 billion valuation during its initial public offering (IPO) in the United States.
eToro, the popular stock and cryptocurrency retail trading platform, is gearing up for an initial public offering (IPO) in the United States, aiming for a valuation of between $4 billion to $4.5 billion. According to their recent announcement, they hope to raise up to $500 million from this offering.
Here are some key details about the upcoming IPO:
Share Offering: eToro is planning to offer 10 million shares, priced between $46 to $50. Half of these shares will be secondary shares, meaning existing shareholders are selling them.Nasdaq Listing: Once listed, the Class A shares will be tradeable under the symbol ETOR.IPO Timeline: The IPO is expected to take place during the week of May 12, 2025, following earlier delays due to tariff-related market volatility.
Financially, eToro had a strong 2024, reporting $931 million in commissions and $192 million net income. Crypto assets accounted for 38% of these commissions. As of December 2024, the platform boasted approximately 3.5 million funded accounts across 75 countries.
The IPO's success will depend on investor appetite for retail trading platforms amid ongoing crypto-market volatility and geopolitical risks. Previously, eToro abandoned a 2021 SPAC merger that would have valued the company at over $10 billion. More recently, they had to delay investor roadshows in April 2025 due to tariff concerns, but the easing of these conditions has accelerated their plans. Key backers have committed to investing $100 million into the offering.
In the new IPO, eToro seeks to capitalize on its strong user base and revenues, leveraging the growing popularity of retail trading and cryptocurrency. However, they will need to navigate the ever-changing market conditions and risks to achieve their ambitious valuation.
- eToro, with its hopeful valuation of $4 billion to $4.5 billion, is planning to offer 10 million shares, priced between $46 to $50, during its upcoming IPO in May 2025.
- The high potential of crypto assets, as they accounted for 38% of eToro's $931 million commission earnings in 2024, could influence the success of the IPO in the face of ongoing crypto-market volatility and geopolitical risks.
- Key technology factors play a crucial role in this IPO as eToro plans to trade its Class A shares on Nasdaq under the symbol ETOR, demonstrating its commitment to modern finance and investing.
- As the IPO approaches, eToro aims to raise up to $500 million, with the support of key backers who have committed to investing $100 million into the offering, hoping to capitalize on the growing interest in retail trading and cryptocurrency investment among tech-savvy investors.
