• eToro’s blockbuster $620M IPO transcends initial projections, commanding a premium $52 share price that electrifies the fintech landscape.
  • Following regulatory hurdles and a crumpled SPAC deal, eToro’s preparations for its market debut crystallise its incredible growth.
  • BlackRock’s bullish $100M investment signals institutional conviction in eToro’s pioneering hybrid trading ecosystem.

eToro is making headlines in the crypto planet, as its IPO price is set to $52 per share.

It is much higher than its originally marketed range, paving the way for its trading debut on the Nasdaq Global Select Market on May 14.

The company that provides cryptocurrency and stock trading services is planning to raise $620 million by selling almost 12 million shares. This is far above its initial goal of $500 million with 10 million shares, which are to be sold at $46 to $50 per share.

Market Expects Big Fintech Listing as IPO Landscape is Revived

The aggressive pricing is a watershed moment for eToro, which had earlier tried to list its shares through a $10.4 billion SPAC deal that fell apart in 2022. This company also temporarily halted its recent IPO plans in April after market uncertainty was caused by President Trump’s tariff announcements.
The company shares are anticipated to start trading on May 14 under the ticker “ETOR” with the offering valuing the company at around $4.3 billion or almost $5 billion on a fully diluted basis. Investor excitement seems high, as BlackRock-run funds are interested in buying up to $100 million of shares.

eToro was established in 2007, and it has shown promising financial performance, with $192 million net income in 2024, as opposed to $15.3 million in 2023. Despite such regulatory challenges such as a settlement with the SEC that restricted its U.S cryptocurrency offerings to Bitcoin, Bitcoin Cash, and Ethereum, this growth has been achieved.The IPO is being keenly observed as other cryptocurrency firms such as Kraken, Circle, and BitGo are said to be contemplating similar moves. A successful pricing of eToro may be a sign of renewed confidence in the capital markets for the fintech companies that have exposure to both traditional and digital assets.

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