eToro, the Israeli-based #trading platform, is set to debut on the Nasdaq under the ticker symbol "#eToro " on May 14, 2025. The company aims to raise approximately $620 million through an upsized initial public offering (IPO), pricing 11.92 million shares at $52 each—above the initial target range of $46 to $50. This move positions eToro with a valuation of about $4.3 billion, or nearly $5 billion on a fully diluted basis .

Founded in 2007, eToro has grown to serve over 3.5 million funded accounts across 75 countries. In 2024, the company reported a significant financial upturn, with net income reaching $192.4 million on revenues of $12.64 billion, a substantial increase from $15.26 million and $3.43 billion, respectively, in 2023 .

The IPO is led by major underwriters including Goldman Sachs, Jefferies, UBS, and Citigroup. Notably, funds managed by #BlackRock⁩ have expressed interest in purchasing up to $100 million in shares, signaling strong institutional support .

This public offering marks a significant milestone for eToro, especially after a previous attempt to go public via a SPAC merger at a $10.4 billion valuation fell through in 2022. The successful IPO could also serve as a bellwether for other companies considering public listings in the current market climate .