(Originally published May 15, 2025)
Trading platform eToro made its debut on the 14th of May, 2025. The share price closed at a premium of 28.9%, rising to $67 versus its initial offering price of $52, according to Yahoo Finance. eToro’s market capitalization is now valued at $5.4 billion.
Shares reached a high of $74.26 before slightly dipping to an overall level of $66.54 at close.
Source: Yahoo Finance
An initial filing on May 5th with the SEC stated that eToro was looking to raise $500 million through an IPO of 10 million shares priced between $46 and $50 each. eToro raised its price above this range to $52 per share a day before the listing to cater to growing demand and buoyed by market sentiment. This boosted the IPO offering to $620 million.
The same filing said that some BlackRock-managed funds and accounts expressed interest in buying $100 million worth of shares.
As previously reported by Coin Headlines, annual data shows that revenue from cryptoassets was $3.431 billion and $12.147 billion for 2023 and 2024, respectively.
eToro was one of the many firms to delay its IPO after Trump announced sweeping tariffs on April 2nd. Other crypto firms that are considering an IPO include crypto exchange Kraken and stablecoin issuer Circle.