eToro valued at $5.6b in Nasdaq debut

13:36 - 15 May 2025

Financial Services

eToro has secured a valuation of $5.64b after its shares surged 34% in their Nasdaq debut on 14 May, becoming the first US IPO to make it to market after tariff uncertainty delayed several planned launches.

The company's stock opened at $69.69 apiece, above the $52 offer price - the biggest Israeli fintech offering on a US exchange since the 2021 IPO of Riskified, according to Dealogic data.

eToro's launch marks a 61% appreciation from the $3.5b valuation secured in its 2023 funding round, underscoring strong market interest for platforms enabling speculation and trading by retail investors.

Read more: eToro launches roadshow for IPO targeting $4b valuation

At the start of the month, eToro announced that it launched the roadshow for its initial public offering (IPO) of 10,000,000 Class A common shares - 5,000,000 offered by eToro and another 5,000,000 by certain existing stockholders - aiming for a valuation of between $3.7b and $4.1b.

As it said, eToro expected to grant the underwriters a 30-day option to purchase an additional 1,500,000 common shares to cover over-allotments, if any. The IPO is expected to price between $46.00 and $50.00 per share. eToro has applied to list its Class A common shares on the Nasdaq Global Select Market under the ticker symbol "ETOR".

eToro valued at $5.6b in Nasdaq debut

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