eToro, the global multi-asset trading platform, is advancing its plans for a public listing on the Nasdaq stock exchange. The company has significantly revised the terms of its initial public offering (IPO), aiming to raise a larger amount of capital and achieving a higher valuation than previously indicated. This move sets the stage for its anticipated market debut.
Updated Offering Details
The firm now intends to offer a total of 11.92 million shares to the public. This represents an increase from earlier proposals. The shares are priced at $52 each, which is also a notable step up from the prior target range of $46 to $50. Based on this updated pricing and share count, eToro expects to raise approximately $620 million through the offering. Additionally, the underwriters involved in the IPO will have an option to purchase up to an extra 1.78 million shares.
Leading financial institutions are involved in facilitating the offering, including key underwriters such as Goldman Sachs, Jefferies, UBS Investment Bank, and Citigroup. Previously, investment giant BlackRock had also indicated interest in acquiring shares valued at $100 million.
Valuation and Trading
Under the new terms, the fully diluted valuation of eToro is estimated to be around $5 billion. The company’s market valuation post-IPO is projected to be approximately $4.3 billion. eToro’s shares are scheduled to begin trading on the Nasdaq exchange on May 14, 2025, under the ticker symbol ETOR.
Background and Prior Attempts
While the formal announcement for this specific IPO came in early May 2025, eToro’s path to a public listing has involved previous attempts. Preparations were underway in 2022 for a potential listing via a SPAC merger, which ultimately did not proceed. Another effort in April 2025 was reportedly postponed due to factors including the trade policies at the time under US President Donald Trump and broader market volatility. This current offering marks the latest step in the company’s strategy to become publicly traded.
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