Crypto assets brokerage firm eToro completes IPO in the U.S., raising nearly $310 million.

GateUser-6433627c · 2025-05-14T00:34:13+00:00

Crypto Assets and stock trading online brokerage eToro raised $310 million in its IPO in the United States, pricing above expectations at $52 per share, giving the company a valuation of $4.2 billion. This IPO was led by Goldman Sachs and others, and eToro is expected to list on the Nasdaq Global Select Market under the ticker ETOR.

GateUser-6433627c

2025-05-14 00:34:13

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On May 14, according to Coindesk, eToro, an online brokerage firm for cryptocurrency and stock trading and a competitor to Robinhood, raised approximately $310 million in its Initial Public Offering (IPO) in the United States, pricing above the previously advertised range. The company issued 6 million shares at a price of $52 per share, resulting in a valuation of $4.2 billion. Previously, a fund under BlackRock planned to purchase up to $100 million worth of eToro shares at the IPO price. IPO documents indicate that eToro’s net profit for 2024 is expected to be $192 million. This IPO is led by Goldman Sachs and eToro shares are expected to be listed on the Nasdaq Global Select Market under the ticker symbol ETOR.

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