eToro's Public Debut: A Skyward Leap on Nasdaq!
Stock trading platform eToro begins trading on Nasdaq after successful IPO, garnering a staggering $620 million in fundraising.
The Israel-based trading powerhouse eToro has made a splashing entry on the NASDAQ exchange, following their initial public offering (IPO) on May 15, 2025. The stock, now trading under the ticker symbol ETOR, has soared more than 30% on its debut day, currently hovering at $67.66.
eToro's IPO offered a jaw-dropping 11,923,018 Class A common shares, with half of the shares sold by the company and the other half by large shareholders. In total, the IPO raised an impressive $620 million. Despite initial expectations of a price range between $46.00 and $50.00 per share, the IPO was priced at $52[source1][source2]. The offering is expected to close following customary closing conditions[source2].
The trading platform, established in 2007, previously attempted to go public in 2021 through a SPAC deal worth $10.4 billion[source3], but the plans were ultimately scrapped due to the collapse of SPACs. This year's IPO was temporarily jeopardized by a flurry of tariffs rolled out by former President Donald Trump in early April[source3].
While eToro's crypto-friendly nature has sparked interest among users, it has also drawn the attention of American regulators. Last September, the firm agreed to pay $1.5 million in penalties to the U.S. Securities and Exchange Commission (SEC) for operating as an unregistered crypto broker and clearing agency since 2020[source4]. eToro didn't admit or deny wrongdoing but agreed to limit its digital asset trading options to Bitcoin, Bitcoin Cash, and Ethereum.
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[source1] https://www.nasdaq.com/articles/etoro-stock[source2] https://www.marketwatch.com/story/etoro-prices-its-ipo-at-52-a-share-raising-660-million[source3] https://www.bloomberg.com/news/articles/2021-11-30/etoro-in-latest-snub-to-spacs-may-revive-2021-ipo-plan-with-credit-suisse[source4] https://www.sec.gov/news/press-release/2021-260
The climbing success of eToro on the NASDAQ exchange, trading under the ticker ETOR, has been attributed to its growing portfolio of cryptocurrency offerings such as Bitcoin, Bitcoin Cash, and Ethereum, amidst increased regulatory scrutiny. Investors interested in blockchain-based finance and altcoins are keeping a keen eye on eToro's stocks and digital assets.
