US EditioneToro Targets $4B Valuation in Upcoming Nasdaq IPO
- EToro, the Israeli social trading platform established in 2007, is set to conduct a Nasdaq IPO on May 14, 2025, offering 10 million Class A shares at a price range of $46 to $50 per share.
- The IPO follows a 2022 failed SPAC deal valued at $10.4 billion and a delayed March 2025 offering due to market volatility caused by President Trump's April tariff announcements.
- EToro aims to raise $500 million, partly through 50% new shares, with BlackRock expressing interest to buy up to $100 million, supported by lead underwriters Goldman Sachs, Jefferies, UBS, and Citi.
- The company reported a 41% net contribution increase to $787 million and a 1,161% net income surge in 2024, with crypto trading revenue hitting $12.1 billion, helping target a $3.7 to $4 billion valuation.
- This IPO, the largest by an Israeli company since Mobileye, will test investor appetite and create a public market to increase eToro's capital and financial flexibility.
16 Articles
16 Articles
eToro Files U.S. IPO at $4B Valuation
eToro, an Israel-based crypto and equities trading platform, has filed for a U.S. IPO targeting a valuation of up to $4 billion. The company plans to raise $500 million by offering 10 million Class A shares priced between $46 and $50 each, listing on the Nasdaq under the ticker “ETOR.” This follows a delayed IPO […] The post eToro Files U.S. IPO at $4B Valuation appeared first on Tekedia.
eToro Launches IPO Roadshow for Nasdaq Listing
New York, May 5, 2025 – eToro Group Ltd (“eToro”), a leading global social investment network, has announced the launch of its initial public offering (IPO) roadshow for 10,000,000 Class A common shares. Of the total, 5,000,000 shares are being offered by eToro itself, with the remaining 5,000,000 shares being sold by existing stockholders. eToro has also provided underwriters with a 30-day option to purchase an additional 1,500,000 common share…
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