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Stock and crypto trading site eToro prices IPO at $52 per share ahead of Nasdaq debut
NDAQNasdaq(NDAQ) CNBC·2025-05-13 23:31

Company Overview - eToro has priced its IPO at 52pershare,raisingnearly52 per share, raising nearly 310 million and valuing the company at approximately 4.2billion[1]−Foundedin2007bybrothersYoniandRonenAssiaalongwithDavidRing,eTorocompeteswithplatformslikeRobinhoodandgeneratesrevenuethroughtradingfeesandnon−tradingactivities[5]FinancialPerformance−eToro′snetincomesurgedalmostthirteenfoldto4.2 billion [1] - 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 non-trading activities [5] Financial Performance - eToro's net income surged almost thirteenfold to 192.4 million in the last year, up from 15.3millionthepreviousyear[6]−Revenuefromcryptoassetsmorethantripledtoover15.3 million the previous year [6] - Revenue from cryptoassets more than tripled to over 12 million in 2024, with one-quarter of its net trading contribution coming from crypto, an increase from 10% the prior year [6] IPO Context - The IPO market is showing signs of recovery, with eToro's Nasdaq debut under the ticker symbol ETOR being a potential indicator of market readiness for risk [4] - eToro previously attempted to go public in 2022 through a SPAC merger, which was scrapped due to a downturn in equity markets [7] Investor Interest - BlackRock has expressed interest in purchasing $100 million in shares at the IPO price, with the company planning to sell 5 million shares in the offering, alongside existing investors selling another 5 million [8]