The Israel-based firm and its existing shareholders sold more than 11.92 million shares in total, according to a May 13 press release. Trading is set to commence on the Nasdaq Global Select Market on May 14 under the ticker symbol ETOR.
eToro IPO Details
The revised offering significantly surpasses eToro’s earlier goal of raising $500 million through the sale of 10 million shares priced between $46 and $50. Of the 11.92 million shares now being offered, over 5.9 million are from eToro itself, while the remaining shares are being offloaded by select early investors. The share sale will remain open until at least May 15.
This IPO marks a key milestone for eToro as it moves to compete directly with publicly traded rivals like Robinhood Markets Inc. (HOOD), whose stock has surged over 67% so far in 2025, according to data from Google Finance.
eToro first confidentially filed for a public offering with the U.S. Securities and Exchange Commission (SEC) in January, before officially announcing its intentions on March 24.
A Rising Tide of Crypto IPOs
eToro public market entry coincides with a growing wave of IPO activity across the fintech and crypto industries. Digital banking startup Chime also intends to list on the Nasdaq under the ticker CHY, although its share price and offering size are yet to be finalized. Analysts at Renaissance Capital estimate that Chime’s IPO could raise as much as $1 billion.
Meanwhile, several prominent crypto firms are eyeing their own stock market debuts. U.S.-based crypto exchange Kraken is reportedly preparing for an IPO later this year. Stablecoin issuer Circle also filed for a public offering on April 1, but later paused its plans following global market volatility triggered by tariff announcements from former President Donald Trump on April 2.
Crypto custodian BitGo is another name in the mix, having recently launched a global over-the-counter digital asset trading desk in February. BitGo is expected to go public before the end of the year.
According to a December 2024 prediction by Bitwise, at least five crypto unicorns are likely to go public in 2025—including Circle, Kraken, Anchorage Digital, Chainalysis, and Figure.
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