eToro Seeks Market Debut Amid Trading Boom
Deal News | Mar 26, 2025 | EIN
Israeli-founded eToro, an online retail trading platform, reported a 46% surge in commissions for 2024, as it filed for an initial public offering (IPO) on the Nasdaq. The company aims to list under the symbol ETOR, joining a wave of firms testing the IPO market predicted to revive in 2025, bolstered by easing interest rates and renewed market enthusiasm. Founded in 2007 by Israeli brothers Yonatan and Ronen Assia and David Ring, eToro experienced a profit increase to $192.4 million and total commissions of $931 million by the end of December 31. The IPO is expected to offer eToro flexibility to expand beyond crypto and capitalize on opportunities arising from the rise of retail investors. Their initial 2022 IPO plans were aborted following a mutual agreement to terminate the merger with Betsy Cohen-backed FinTech Acquisition. eToro’s successful IPO could stimulate future market listings and overall dealmaking.
Sectors
- Financial Services
- Technology
Geography
- Israel – eToro was founded in Israel and the article discusses its activities and origins.
- United States – eToro is filing for an IPO on the Nasdaq, a US stock exchange, reflecting its significant engagement with the US financial markets.
Industry
- Financial Services – As a platform facilitating investments in stocks, cryptocurrencies, and other assets, eToro primarily operates within the Financial Services sector.
- Technology – eToro integrates technological solutions to democratize trading, indicating its significant involvement in the Technology sector.
Financials
- $931 million – Total commissions eToro reported for the year ended December 31.
- $192.4 million – The profit eToro reported for the same period.
- $250 million – The amount raised by eToro in March 2023 in a funding round, valuing the company at $3.5 billion.
- $3.5 billion – Valuation of eToro after the March 2023 funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| eToro | Target company | Company | An online retail trading platform that allows investments in various assets. |
| Betsy Cohen-backed FinTech Acquisition | Vendor | Company | Previously involved in a planned merger with eToro that was mutually terminated. |
| Josef Schuster | Analyst | Person | CEO of IPO-focused investment indexes, IPOX, providing insights on the IPO market. |
| Yonatan Assia | Founder | Person | Co-founder of eToro. |
| Ronen Assia | Founder | Person | Co-founder of eToro. |
| David Ring | Founder | Person | Co-founder of eToro. |