2025-05-14
eToro shares are set to begin trading
today, May 14, 2025
The company priced its upsized initial
public offering (IPO) at $52 per share, above the initial target range of $46
to $50, raising about $620 million.
The offering consists of 11.92 million
shares, split evenly between eToro and existing shareholders.
This IPO values eToro at $4.3 billion,
or nearly $5 billion on a fully diluted basis.
The company reported a net income of
$192.4 million on revenue of $12.64 billion for 2024, an increase
from the previous year.
eToro's initial public offering (IPO)
has priced its shares at $52 each, resulting in a valuation of about $4.3 billion based on the number of shares outstanding.
On a fully diluted basis, which
accounts for all potential shares including options and restricted stock units,
the valuation approaches nearly $5 billion.
eToro provides an online platform where
users can trade a wide range of financial products such as stocks,
cryptocurrencies, commodities, ETFs, indices, futures, and options across more
than 20 global stock exchanges.
eToro's primary research and
development office is located in Tel Aviv, Israel. As of 2024, eToro has over 38
million registered users worldwide, with more than 3.5 million funded accounts
. eToro operates in 75 countries,
offering services across Europe, Asia-Pacific, the Americas, and the Middle
East.
The Israel-based eToro will go public
as a rival to Robinhood Markets Inc. (HOOD) as eToro shares similar business
model with Robinhood.
