In a bold move that signals growing confidence in the financial technology sector, trading platform eToro has officially priced its initial public offering (IPO) at $52 per share, exceeding its previously indicated range of $46 to $50. The pricing hike brings the total raise to $620 million, a significant boost from its initial $500 million target.
According to a May 13 press release, the Israel-based company and some of its early investors sold a combined 11.92 million shares, with trading set to begin on the Nasdaq Global Select Market on May 14 under the ticker symbol ETOR.
The offering is split almost evenly, with just over 5.9 million shares offered by eToro itself and another 5.9 million shares coming from existing shareholders. The offering window will remain open until at least May 15, allowing room for potential adjustments depending on investor appetite.
eToro Emerges as a Public Competitor to Robinhood
By going public, eToro joins the ranks of digital trading platforms like Robinhood, which debuted on Nasdaq in July 2021. Robinhood’s stock has experienced a strong rebound this year, gaining more than 67% year to date and recently closing at $62, inching close to its all-time high of $65, last seen in February.
eToro’s public debut represents more than just a capital raise—it marks a direct challenge to incumbent trading platforms in both the stock and crypto markets. Known for its user-friendly interface and social trading features, eToro has grown into a global fintech player, offering both traditional equities and digital asset exposure to a diverse retail audience.
IPO Momentum Picks Up in the Fintech and Crypto Sectors
eToro’s IPO isn’t happening in isolation. The fintech and crypto sectors are witnessing a resurgence of public offering activity, signaling a more favorable investment climate despite lingering macroeconomic uncertainty.
Digital bank Chime, for example, has also filed to list on Nasdaq under the ticker symbol CHY, although the number of shares and pricing details are still under wraps. According to a note from Renaissance Capital, Chime’s IPO could potentially raise as much as $1 billion, putting it on the radar as one of the largest fintech listings of the year.
Meanwhile, several crypto-focused companies are preparing their own public offerings. Kraken, one of the largest U.S.-based crypto exchanges, is reportedly eyeing an IPO later this year. Circle, the issuer of the USDC stablecoin, also filed with the SEC on April 1. However, its plans were temporarily shelved following market turbulence sparked by former President Donald Trump’s tariff announcement on April 2.
In addition, BitGo, a crypto custody and trading firm, is making moves of its own, launching a global over-the-counter (OTC) trading desk as it prepares for a potential listing.
Looking Ahead: More Crypto Unicorns Going Public?
Industry observers believe that 2025 could be a breakout year for crypto IPOs. A Bitwise report from late 2023 projected that at least five major crypto firms—including Circle, Kraken, Figure, Anchorage Digital, and Chainalysis—could all go public within the year.
This wave of IPOs follows in the footsteps of Coinbase, which became the first major U.S.-based crypto firm to go public in 2021. Its Nasdaq debut was widely seen as a watershed moment for the digital asset industry.
eToro’s successful IPO pricing—and its positioning as a hybrid platform for stocks and crypto—signals growing investor confidence in fintech firms that straddle both the traditional and digital finance worlds. With more companies lining up for listings, the market could be witnessing the early stages of a broader revival in crypto and fintech public offerings.
