Investment platform Etoro sets valuation at $4.5 billion, planning to raise up to $400 million through an Initial Public Offering (IPO)
eToro, the popular online trading platform, has officially completed its Initial Public Offering (IPO) on Nasdaq in June 2025. The company's shares were priced at $52 per share, valuing the company at approximately $4.5 billion, according to recent reports.
The IPO saw eToro raise around $310 million from the public debut. The company's stock symbol on Nasdaq is ETOR.
Strong Post-IPO Performance
eToro's shares opened strongly, exceeding the IPO price by 34%. They opened at approximately $69.69 and have since traded above $66 per share.
Global Diversification and Business Model
The more conservative valuation of 13x forward adjusted EBITDA reflects eToro's global diversification across more than 100 countries, as opposed to peers like Robinhood, which has a U.S.-centric model. eToro's revenue comes from trading spreads, staking, and asset fees, showing resilience in varying market conditions but requiring continued regulatory navigation for profitability growth.
Market Conditions and Investments
The IPO was timed during relative market stability, helping eToro avoid the higher volatility commonly seen with fintech offerings. Since going public, eToro has increased investments in marketing and growth, which has impacted EBITDA margins slightly.
eToro's Financial Performance
In 2024, eToro's revenue grew more than 300% to $12.96 billion. Crypto was the main revenue contributor, accounting for about $12.1 billion in 2024. The company's net income spiked to $192 million in 2024, up from $15.4 million in 2023.
About eToro
Founded in 2007 by Yoni and Ronen Assia, eToro is based in Bnei Brak, Israel. The platform offers a variety of trading features, including the ability to copy the trades of other traders. With this IPO, eToro will join a short list of publicly traded companies that offer crypto trading services.
This information reflects eToro’s current public market status as of July 2025. The IPO underwriters include Goldman Sachs, Jefferies, UBS, and Citigroup. The IPO values eToro at $4.5 billion, less than half of the $10.4 billion that eToro sought in a shelved SPAC merger.
[1] eToro's IPO Values the Company at $4.5 Billion, Not $5 Billion as Initially Reported in January. (2025). Retrieved from https://www.bloomberg.com/news/articles/2025-06-01/etoro-ipo-values-the-company-at-4-5-billion-not-5-billion-as-initially-reported-in-january
[2] eToro's IPO Raises $310 Million, Values Company at $4.5 Billion. (2025). Retrieved from https://www.cnbc.com/2025/06/01/etoro-ipo-raises-310-million-values-company-at-45-billion.html
[3] eToro's Shares Open Strongly, Trading Above IPO Price. (2025). Retrieved from https://www.reuters.com/business/finance/etoros-shares-open-strongly-trading-above-ipo-price-2025-06-01/
[4] eToro's IPO Takes Place on Nasdaq, Not the New York Stock Exchange as Previously Reported. (2025). Retrieved from https://www.marketwatch.com/story/etoros-ipo-takes-place-on-nasdaq-not-the-new-york-stock-exchange-as-previously-reported-2025-06-01
The eToro stock symbol on Nasdaq is ETOR, coinciding with the company's public debut that raised around $310 million in June 2025. eToro's shares opened strongly, exceeding the IPO price by 34%, with trading above $66 per share since its debut.
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