• TEXT= DATE: 26.05.2025 Akarun  |  IDO  | GameFi
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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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eToro's US IPO

eToro’s US IPO sets $4B valuation target amid growing crypto market interest

https://icn.live/wp-content/uploads/2025/05/etoro-ipo-us.mp3
  • by ICN.live
Fatima Al-Nouri

eToro’s US IPO is attracting attention as the company aims for a $4 billion valuation on Nasdaq.

The Israeli-based social trading platform plans to raise $500 million through the sale of 10 million shares. Half of those will come directly from eToro, while the rest come from existing stakeholders. Share pricing is set between $46 and $50. Underwriters will also have the option to purchase 1.5 million additional shares within 30 days to cover over-allotments.

eToro teams up with Wall Street giants for IPO

Major financial institutions are backing eToro’s US IPO. Lead underwriters include Goldman Sachs, Jefferies, UBS, and Citigroup. Deutsche Bank, Cantor, and BofA Securities also support the offering. The stock will trade under the ticker “ETOR” on Nasdaq’s Global Select Market. The move underscores growing institutional interest in platforms that merge social trading with crypto functionality.

Adding major weight to the offering is BlackRock, the world’s largest asset manager, expressing interest in buying up to $100 million worth of shares. This level of institutional involvement boosts confidence in eToro’s future as a public company. The company originally filed its IPO confidentially back in January, signaling a long-planned entry into US markets.

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eToro’s journey from SPAC failure to IPO spotlight

eToro’s US IPO comes after a failed SPAC merger in 2022 with FinTech Acquisition Corp. V. That deal had aimed for a $10.4 billion valuation but fell through due to SEC approval issues. Now, the company is taking the traditional IPO route, joining other crypto-connected firms like Coinbase and Bitcoin miners already listed on US exchanges.

Circle, the issuer of the USDC stablecoin, also recently filed to go public, though it has not moved forward. Market conditions, including geopolitical factors like tariff concerns, are influencing IPO activity in 2024. Still, eToro’s steady revenue growth and popularity among retail and crypto investors may give it a strong edge.

eToro blends stock and crypto trading with a social network-like interface, making it appealing to new investors. A successful IPO could validate this hybrid model and set a precedent for similar platforms. Investors and analysts alike will be watching closely as ETOR begins trading.

eToro’s US IPO represents not just a milestone for the company but also a signal of maturing investor appetite for regulated, hybrid finance platforms. If successful, it could reshape how the market views social and crypto trading going forward.

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What is eToro’s US IPO aiming to achieve?

eToro’s US IPO aims to raise up to $500 million and secure a $4 billion valuation through a Nasdaq listing under the ticker “ETOR.” The offering includes 10 million Class A shares, split evenly between new shares from eToro and existing shareholder allotments. An additional 1.5 million shares may be sold by underwriters to cover over-allotments. Backed by powerhouse banks like Goldman Sachs and Citigroup, the IPO is a strategic move following the company’s previously failed SPAC deal in 2022. This marks a significant step for eToro as it transitions from private to public ownership and expands its footprint in the U.S. financial market.

Why is eToro’s IPO important to the crypto and trading space?

eToro’s IPO is pivotal because it bridges traditional stock investing with social and crypto trading. Its public debut could validate platforms that integrate stock, crypto, and community-driven features. As one of the few crypto-connected platforms pursuing a traditional IPO, eToro’s listing may also influence other similar companies considering going public. This could lead to broader investor acceptance of hybrid financial services, particularly those offering both fiat and crypto trading within regulatory frameworks. A successful IPO might even encourage mainstream investors to explore decentralized finance products via familiar, regulated interfaces like eToro.

Who are the key players involved in eToro’s IPO?

eToro’s IPO is supported by major underwriters including Goldman Sachs, Jefferies, UBS, and Citigroup. Additional backing comes from Deutsche Bank Securities, Cantor, and BofA Securities. Significantly, BlackRock, the world’s largest asset manager, has expressed interest in purchasing up to $100 million worth of ETOR stock. This involvement by large financial institutions brings credibility and visibility to eToro’s offering. These players help manage the IPO process, secure institutional investors, and ensure that the stock performs well on its market debut. Their support signals strong confidence in eToro’s business model and growth trajectory.

How does eToro’s IPO compare to other crypto-related public offerings?

eToro joins a short list of crypto-affiliated companies that have successfully launched IPOs in the U.S., such as Coinbase and several Bitcoin miners. Unlike its competitors, eToro also offers stock and social trading features, which gives it broader appeal. Its previous attempt to go public through a SPAC in 2022 was unsuccessful, making this traditional IPO even more noteworthy. If it performs well, it could pave the way for more crypto-trading platforms to follow suit. Compared to other firms like Circle, which have delayed IPOs, eToro’s confident move suggests strong internal fundamentals and market-readiness.

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