Etoro prices Nasdaq debut at $52, surpassing expectations
Quick Take
- eToro said today that its IPO saw “upsized” pricing of $52 per share.
- The company previously targeted an IPO price range of $46 to $50 per share.
Crypto and equities trading platform eToro announced today that its Nasdaq initial public offering saw "upsized" pricing of shares at $52 per share, reflecting stronger-than-expected demand.
The company's IPO involves around 11.9 million Class A common shares, half of which is to be sold by eToro while the other half will be offered by existing shareholders, according to a Tuesday release.
The trading platform previously expected the IPO price to fall between $46 and $50 per share, which is an earlier valuation that the market has now surpassed. The IPO is anticipated to raise approximately $310 million in capital for the company. With the IPO, eToro has a valuation of $4.2 billion, Fortune reported.
The shares are scheduled to start trading on the Nasdaq Global Select Market on Wednesday, while the offering is expected to close the following day. The company's stock will trade under the ticker "ETOR."
According to a CNBC report, eToro initially applied for its IPO in March, but temporarily halted its plans as President Donald Trump's tariff announcements caused market uncertainties. This also affected other companies, such as Klarna and StubHub.
Following its successful IPO, eToro joins a small group of crypto-affiliated companies in the U.S. that have gone public, including crypto exchange Coinbase and several bitcoin mining companies.
Other crypto companies, such as stablecoin issuer Circle and Hong Kong's Animoca Brands, are also preparing to go public this year.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
