Key takeaways
- eToro’s shares surged nearly 30% on their first trading day on Nasdaq, opening at $69.69—34% above its IPO price—and closing at $67.
- The strong debut pushed its market capitalization to over $5.4 billion.
- The company increased its offering to nearly 12 million shares at $52 each, above the initially planned range of $46–$50.
- Crypto assets have become a central part of its business, accounting for 25% of its net trading contribution in 2024.
- eToro’s IPO follows similar moves by fintech players like Chime and Figma, suggesting renewed investor interest in the sector.
Israeli crypto and stock trading platform eToro made an impressive debut on the Nasdaq on May 14, 2025, with shares surging nearly 30% in their first day of trading. The stock opened at $69.69, 34% above its initial public offering (IPO) price, and closed at $67, bringing the company’s market capitalization to over $5.4 billion.
IPO priced above range amid demand
eToro priced its IPO at $52 per share, above the anticipated range of $46 to $50, reflecting strong investor interest. The company sold approximately 6 million shares, while another 6 million were offloaded by existing shareholders, bringing the total offering to 11.91 million shares. The company’s shares are trading under the ticker symbol ETOR.
“We felt that we’re seeing the light at the end of the tunnel of the correction in the markets,” said Yoni Assia, CEO of eToro, during a media briefing following the IPO.
A Platform for the masses
Founded in 2007 by Israeli brothers Yonatan and Ronen Assia, along with David Ring, eToro aims to make financial trading more accessible and user-friendly. The platform allows users to invest in stocks, cryptocurrencies, and other financial instruments, with the added feature of copy trading, enabling users to mirror the portfolios of top investors.
eToro’s crypto business has seen strong momentum, with revenue from crypto assets more than tripling to over $12 million in 2024. Crypto now accounts for 25% of its net trading revenue, up from 10% in 2023.
Signalling a sea change for the market
eToro’s public listing is part of a broader wave of fintech companies tapping into improving market conditions. Competitor Robinhood Markets has seen its stock rise by nearly 40% in the past few days.
Meanwhile, mobile banking firm Chime and design software company Figma have both filed for IPOs in recent weeks, signaling renewed momentum in tech-focused public offerings.
With its successful listing and strong performance on day one, eToro is well-positioned to capitalize on the recovering market and increasing investor enthusiasm for crypto and fintech innovation.
