New Financial Trading Platform eToro Successfully Listed on Nasdaq
On May 14, eToro, a new financial trading platform, successfully listed on the Nasdaq Stock Market with the stock code “ETOR”. This initial public offering (IPO) issued shares at a price of $52 each, exceeding the original expected range of $46 to $50, raising approximately $620 million and achieving a valuation of $4.2 billion.
eToro Listing Information Overview
Listing Date: May 14, 2025
Stock Code: ETOR
Issue Price: $52 per share
Number of Shares Issued: 11,923,018 shares
Total Raised: Approximately $620 million
Company Valuation: Approximately $4.2 billion
From SPAC Failure to Successful Listing
Founded in 2007 and headquartered in Israel, eToro offers trading services for a variety of assets, including stocks, cryptocurrencies, and ETFs. In 2021, eToro planned to go public through a merger with a Special Purpose Acquisition Company (SPAC), achieving a valuation of $10.4 billion; however, this plan was halted in 2022. This successful listing symbolizes eToro’s strong return after experiencing a downturn.
eToro Business Highlights and Growth Momentum
User Base: By the end of 2024, eToro had over 3.5 million funded accounts, with operations in 75 countries worldwide.
Financial Performance: In 2024, the company’s revenue reached $1.264 billion, with a net profit of $192 million, significantly up from $15.26 million in 2023.
Cryptocurrency Business: In 2024, cryptocurrency trading revenue accounted for 38% of total trading income.
Potential Future Development Directions for eToro
Global Market Expansion: eToro plans to further expand its business in the U.S. and Asian markets, particularly in cryptocurrencies and creating an investment environment similar to social platforms, where users can observe, copy trades, and share strategies.
Product Diversification: eToro may introduce more financial products, such as options trading and retirement accounts, to meet the needs of different investors.
Technological Innovation: eToro continues to invest in platform technology to enhance user experience and strengthen risk management and compliance.
Risk Warning
Investing in cryptocurrencies carries a high level of risk, and their prices can be extremely volatile. You may lose all your principal. Please carefully assess the risks.