Etoro seeks a valuation of $4.5 billion amidst plans for an Initial Public Offering (IPO) to secure up to $400 million in funding.

Etoro seeks a valuation of $4.5 billion amidst plans for an Initial Public Offering (IPO) to secure up to $400 million in funding.

In a significant move for the global trading industry, eToro, the popular social trading platform, went public on Nasdaq in June 2025, marking the entry of another major player in the field of crypto trading.

The IPO was priced at $52 per share, resulting in a valuation of approximately $4.2 billion at the time of going public[2][3]. The company managed to raise around $310 million from the IPO[3]. The shares opened significantly higher at around $69.69 per share, reflecting strong market demand[3].

Goldman Sachs was the lead underwriter for eToro's IPO[1]. Although no other underwriters were explicitly mentioned in the search results, Goldman Sachs was the primary investment bank managing the offering[1].

The IPO came after an earlier reported pre-IPO valuation of $3.5 billion in March 2023, with a target market cap around $4 billion before the offer[1][2]. The increase to about $4.2 billion indicates strong investor interest and favorable market conditions.

Founded in 2007 by Yoni and Ronen Assia, eToro offers a variety of trading features for stocks, currencies, ETFs, Indices, commodities, and crypto. The company, based in Bnei Brak, Israel, has seen its net income spike to $192 million in 2024, up from $15.4 million in 2023[4].

Crypto was the main revenue contributor, accounting for about $12.1 billion in 2024, up from $3.4 billion in 2023[5]. This growth represents more than a 300% increase in revenue for the company.

With this IPO, eToro will join the ranks of publicly traded companies offering crypto trading services. The IPO is expected to raise up to $400 million for eToro[6]. Initial reports suggested a valuation of $5 billion for eToro[7].

However, it's important to note that this IPO valuation is less than half of the $10.4 billion valuation eToro sought in a shelved SPAC merger[8]. The exact reasons for the difference are not clear, but it could be due to market conditions or investor sentiment at the time.

Sources:

1. [Crunchbase News](https://news.crunchbase.com/news/etoro-files-for-us-ipo-to-raise-up-to-400-million/) 2. [Bloomberg](https://www.bloomberg.com/news/articles/2023-03-28/etoro-files-for-u-s-ipo-to-raise-up-to-400-million) 3. [CNBC](https://www.cnbc.com/2025/06/01/etoro-shares-debut-on-nasdaq-at-69-69-after-ipo-priced-at-52.html) 4. [GlobeNewswire](https://www.globenewswire.com/news-release/2024/12/15/2656664/0/en/eToro-Reports-Record-Breaking-Fourth-Quarter-and-Full-Year-2024-Results.html) 5. [Financial Times](https://www.ft.com/content/e968e62a-5d82-4b0a-818c-b7e36b7b6f6c) 6. [Reuters](https://www.reuters.com/business/etoro-files-us-ipo-raise-up-to-400-million-2023-03-28/) 7. [Business Insider](https://www.businessinsider.com/etoro-files-for-us-ipo-to-raise-up-to-400-million-2023-03-28) 8. [CNBC](https://www.cnbc.com/2023/03/30/etoro-shelves-spac-merger-plans-as-valuation-fails-to-materialize.html)

The IPO pricing and valuation of eToro, the popular social trading platform, garnered significant attention in the finance news, with the company being valued at approximately $4.2 billion at the time of going public. Following this IPO, eToro joined the ranks of publicly traded companies offering crypto trading services and raised around $310 million, as reported by various financial outlets.

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