Financial services provider eToro aims to gather $500 million through an Initial Public Offering (IPO)
eToro's Highly Anticipated IPO Set for May 14
eToro, the popular social trading app, is set to go public with an initial public offering (IPO) on the Nasdaq Global Select Market on May 14, 2025. The IPO is expected to raise $500 million, as reported by various sources.
Nigel Morris, co-founder of QED Investors, has named eToro as one of the fintech companies likely to file IPOs this year. eToro's IPO is being led by Goldman Sachs, Jefferies, UBS, and Citi.
The IPOs of this fintech generation are expected to be followed by a wave of valuations that are market-tested. In fact, since 2021, there have been a total of 13 fintech IPOs, according to reports.
eToro's IPO comes after the company put a hold on its IPO pursuit due to tariff-related market volatility. However, the company has since regained momentum, offering 10 million shares for sale, with half being offered by the company and half by shareholders.
The shares will trade under the ticker symbol ETOR on the Nasdaq Global Select Market. The IPO price was set at $52 per share, with a market cap at IPO of $12 billion.
eToro's platform allows users to replicate the trading strategies of top investors, making it a popular choice among traders. The company has over 40 million users, according to the securities filing.
Certain funds and accounts managed by BlackRock have indicated an interest in purchasing up to $100 million in shares at the IPO price. The IPO is expected to occur either at the end of this quarter or next quarter.
For 2024, eToro reported a net contribution of $787 million and net income of $192 million, representing a 41% increase and 1,161% increase, respectively, from the prior year.
Since debuting publicly in mid-May 2025, eToro has introduced product expansions such as 24/5 trading on US stocks and tokenized stock initiatives. The company was founded in 2007 in Tel Aviv, Israel.
Other fintech companies, such as Klarna and Circle, have also filed for IPOs this year. These fintech companies are IPO-ready and are considered powerful and capable, signalling a new era for the fintech industry. The expected IPOs of this generation are likely to pave the way for a wave of market-tested valuations.
References: 1. eToro's IPO: What you need to know 2. eToro sets terms for $500 million U.S. IPO at $52 a share 3. eToro's IPO: What to know about the social trading app going public 4. eToro's IPO: What to know about the social trading app going public 5. eToro's IPO Date Set for May 14
- In the upcoming wave of fintech IPOs, eToro's entrance into the public market demonstrates the growing potential of technology-driven businesses in the investing and finance sector.
- The success of eToro's IPO, which is being led by prominent firms like Goldman Sachs, Jefferies, UBS, and Citi, could potentially set a precedent for other fintech companies, such as Klarna and Circle, aiming to go public in 2025.
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