eToro IPO performance has stirred excitement in the market as the crypto trading platform debuted on Nasdaq.
The platform’s shares surged nearly 30% on May 14, closing at $67 after an initial offering price of $52. That sharp rise brought eToro’s market value to more than $5.5 billion, a strong sign of investor confidence in the company and the broader retail investing movement.
The day’s trading saw eToro’s stock shoot to a high of $74.26 before settling and slightly dipping to $66.53 in after-hours trading. This followed a last-minute increase in its IPO size to $620 million. The company sold more than 11.92 million shares, above its initial plan to sell 10 million. The offering drew interest from heavyweight investors, with BlackRock-managed funds signaling up to $100 million in buy-in.
eToro’s public market entry represents more than a valuation milestone. It underscores the growing belief that retail trading platforms, especially those with crypto access, are not short-term fads. Robert Francis, eToro Australia’s managing director, said the IPO confirms the long-term nature of retail investing and crypto trading.
eToro IPO performance signals new strength in crypto markets
The eToro IPO performance also highlights a rebound in IPO activity in the United States. The company delayed its IPO plans after April’s surprise tariff announcements from former President Trump rattled global markets. But its eventual debut and success now point to a revival of public offerings in the crypto and tech sectors.
Founded in 2007, eToro has attempted to go public before. Its 2021 SPAC merger plan was valued at $10 billion but was canceled in 2022 due to market instability from the pandemic and high inflation. This time, the IPO move was more traditional, led by giants like Goldman Sachs, Jefferies, and UBS.
eToro’s 2024 crypto revenue totaled $12.1 billion, a massive leap from $3.4 billion in 2023. Crypto still represents a strong segment of its business, though its share of trading commissions is projected to fall from 43% in Q1 2024 to 37% in Q1 2025. This diversification could attract long-term investors beyond the crypto niche.
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Crypto platforms eye public markets after eToro IPO performance
Other crypto firms are closely watching the eToro IPO performance. Kraken, Circle, and others like Chainalysis and Anchorage Digital may follow with IPOs this year. Bitwise, a crypto fund manager, had forecast this trend back in December. While some firms paused IPO plans due to tariffs, eToro’s success might push them to reconsider.
Rival platform Robinhood saw its shares dip nearly 2% the same day, showing that investor sentiment is shifting toward newer IPOs. For the crypto and retail trading ecosystem, eToro’s successful debut sets a positive tone for 2025.