From CNBC: 2025-05-15 08:54:00

Yoni Assia, CEO of eToro, spoke at the Milken Institute Global Conference ahead of the company’s IPO filing. The document outlined potential risks for operating in Israel amid ongoing conflicts with Hamas, Hezbollah, and the Houthis. Despite challenges, eToro made a successful market debut with a 29% increase in stock value, reaching a valuation of $5.4 billion.

eToro’s IPO was a success, following a drought in tech public offerings. The company highlighted potential risks from ongoing military conflicts and international backlash against Israel, including credit downgrades and arrest warrants for top officials. Additionally, cyberattacks and tax law differences were noted as potential challenges for the business. Yoni Assia expressed hope for more peaceful times in the future.

The filing mentioned the impact of military operations in Gaza on Israel’s tech community, with potential disruptions to eToro’s workforce and sales. Concerns about enforcing U.S. judgments in Israel and differences in securities laws were also raised as risks. Despite these challenges, eToro’s global operations and successful Nasdaq debut signal optimism for the company’s future growth.

Read more: Israel-Hamas conflict a potential business risk in eToro IPO filing