From CNBC: 2025-05-13 19:32:00

EToro prices IPO at $52 per share, raising nearly $310 million and valuing the company at $4.2 billion. IPO market rebounded with President Trump’s return in January. Nasdaq debut under ETOR symbol may test market’s risk appetite. Net income surged last year, driven by crypto business.

EToro, founded in 2007, competes with Robinhood and earns revenue through trading fees and non-trading activities. Net income spiked to $192.4 million last year. Crypto revenue tripled to over $12 million in 2024, contributing 25% to net trading. Previous IPO attempt scrapped in 2022.

CEO Yoni Assia remains focused on going public, evaluating the right opportunity. BlackRock interested in buying $100 million in shares at IPO price. Underwriters for the deal include Goldman Sachs, Jefferies, and UBS. Company plans to sell 5 million shares in the offering.

IPO hopeful eToro plans Nasdaq debut under symbol ETOR. Company raised nearly $310 million, selling 6 million shares at $52 each. Net income soared last year, driven by crypto business. BlackRock interested in $100 million share purchase. Underwriters include Goldman Sachs, Jefferies, UBS.

Read more: Stock and crypto trading site eToro prices IPO at $52 per share