Tuesday, 10 Jun 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • House
  • White
  • VIDEO
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Colossal
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Stock and crypto trading site eToro prices IPO at $52 per share
Economy

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

Last updated: May 13, 2025 4:36 pm
Share
Stock and crypto trading site eToro prices IPO at  per share
SHARE

EToro, a popular stock brokerage platform that has been making waves in the crypto world, has set its IPO price at $52 per share. This move comes as the company gears up to gauge the market’s interest in new offerings.

The Israel-based company successfully raised nearly $310 million by selling almost 6 million shares in a deal that values the business at approximately $4.2 billion. In addition to the new shares being offered, existing investors are also selling nearly 6 million shares in the IPO.

IPOs have been on the rise following a period of stagnation caused by concerns about rising interest rates and inflation. The debut of CoreWeave in March was a positive sign for companies like eToro, Klarna, and StubHub, all of which had been eyeing public offerings.

However, uncertainty surrounding tariffs temporarily derailed these plans. eToro initially filed for an IPO in March but postponed its plans due to market volatility caused by tariff concerns. Similarly, Klarna and StubHub also put their IPOs on hold.

The successful debut of eToro on the Nasdaq under the ticker symbol ETOR will serve as a litmus test for the market’s appetite for risk. Meanwhile, other companies like Hinge Health and Chime are also gearing up for their own IPOs.

Founded in 2007 by brothers Yoni and Ronen Assia along with David Ring, eToro competes with platforms like Robinhood and generates revenue through trading fees and other activities. The company saw a significant increase in net income last year, jumping almost thirteenfold to $192.4 million.

eToro has been expanding its crypto business, with revenue from cryptoassets more than tripling to over $12 million in 2024. A quarter of the company’s net trading contribution last year came from crypto, up from 10% the previous year.

See also  It’s the hope that saves you

This isn’t eToro’s first foray into going public. In 2022, the company abandoned plans for an IPO through a SPAC merger amid a market downturn. CEO Yoni Assia has expressed the company’s intention to go public and had been building relationships with exchanges like Nasdaq.

BlackRock has shown interest in purchasing $100 million worth of shares at the IPO price, according to eToro’s prospectus. The company plans to sell 5 million shares in the offering, with existing investors and executives selling an additional 5 million shares.

Goldman Sachs, Jefferies, and UBS are the underwriters for the IPO. The successful pricing of eToro’s IPO demonstrates the company’s confidence in the market and sets the stage for future growth and expansion in the financial world.

TAGGED:CryptoeToroIPOPricessharesiteStockTrading
Share This Article
Twitter Email Copy Link Print
Previous Article The End of The Universe May Not Be as Far Off as Once Thought : ScienceAlert The End of The Universe May Not Be as Far Off as Once Thought : ScienceAlert
Next Article NY’s justice ‘reforms’ claim another innocent child’s life — and also failed her alleged teen shooter NY’s justice ‘reforms’ claim another innocent child’s life — and also failed her alleged teen shooter
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Kylie Jenner Sizzles in ‘Ready for Summer’ Swimsuit

Kylie Jenner I'm Ready For Summer, Can't You Tell!!! Published May 21, 2025 5:09 PM…

May 21, 2025

Pencil Through a Bag of Water Experiment: How-To & Worksheet

Teaching a lesson about polymers or looking for a fun experiment for your classroom? Look…

October 9, 2024

Arie Luyendyk Jr. and Wife Lauren Burnham Reveal Sex of Baby No. 4

Arie Luyendyk Jr. and Lauren Burnham recently made a heartwarming announcement about the gender of…

April 17, 2025

As Biden Leads, Trump Babbles After New Orleans Terror Attack

Investigation Underway After Deadly Attack in New Orleans The recent tragic incident in New Orleans,…

January 1, 2025

ChatGPT or Shakespeare? Readers Couldn’t Tell the Difference—and Even Preferred A.I.-Generated Verse

Artificial intelligence (A.I.) chatbots are proving their poetic prowess by mimicking famous poets like William…

November 15, 2024

You Might Also Like

Republicans more likely to use it
Economy

Republicans more likely to use it

June 10, 2025
China’s .1tn asset manager becomes star player on ‘national team’
Economy

China’s $1.1tn asset manager becomes star player on ‘national team’

June 10, 2025
Gold opens slightly higher ahead of U.S.-China trade talks
Economy

Gold opens slightly higher ahead of U.S.-China trade talks

June 10, 2025
China’s Huawei plays down its chipmaking capabilities
Economy

China’s Huawei plays down its chipmaking capabilities

June 9, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?