eToro debuts on Nasdaq with 29% surge after upsized IPO pricing
Quick Take
- Crypto and stock trading platform eToro saw its shares rise 29% during its first day of trading on the Nasdaq.
- The day before eToro’s initial public offering the company said it saw “upsized” pricing of its stock at $52 per share.
Trading platform eToro debuted on the Nasdaq on Wednesday with a 29% jump in its share price, following an upsized initial public offering that priced shares at $52 each.
Shares of the company, which offers access to both crypto and stock trading, closed at $67 under the ticker symbol ETOR, according to Yahoo Finance.
eToro had originally filed for an IPO in March, but then paused its plans as President Donald Trump's tariff announcements caused market volatility, according to CNBC. Other companies with interests in crypto, like Circle and Animoca Brands, are also aiming to go public this year.
The offering included approximately 11.9 million shares of Class A common stock, with about half sold by the company and the rest by existing shareholders, eToro said Tuesday.
Goldman Sachs, Jefferies, UBS Investment Bank, and Citigroup led the underwriting, with additional participation from Deutsche Bank Securities, Cantor, and BofA Securities.
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.
