Stock and crypto trading site eToro prices IPO at $52 per share ahead of Nasdaq debut

• Israel-based stock brokerage platform eToro said it has priced shares at $52 for its IPO, above its expected range of $46 to $50.
• The retail trading platform filed for an IPO in March, but as tariff uncertainty rattled markets, the company temporarily shelved ITS plans.
• EToro scrapped a prior effort to go public in 2022 through a planned merger with a special purpose acquisition company.

EToro, a stock brokerage platform that's been ramping up in crypto, has priced its IPO at $52 a share, as the company prepares to test the market's appetite for new offerings.

The Israel-based company raised nearly $310 million, selling nearly 6 million shares in a deal that values the business at about $4.2 billion. The company  to sell shares at $46 to $50 each. Another almost 6 million shares are being sold by existing investors.

IPOs looked poised for a rebound when President Donald Trump returned to the White House in January after a prolonged drought spurred by rising interest rates and inflationary concerns. March debut was a welcome sign for IPO hopefuls such as eToro, online lender Klarna and ticket reseller StubHub.

But tariff uncertainty temporarily those plans. The retail trading platform for an , but shelved plans as rising tariff uncertainty rattled markets. Klarna and StubHub did the same.

EToro's Nasdaq debut, under ticker symbol ETOR, may indicate whether the public market is ready to take on risk. Digital physical therapy company has started its IPO roadshow, and said in a filing on Tuesday that it plans to raise up to $437 million in its upcoming offering. Also on Tuesday, fintech company Chime with the SEC.

Another trading app, , merged with a special-purpose acquisition company .

Founded in 2007 by brothers Yoni and Ronen Assia along with David Ring, eToro competes with the likes of and makes money through fees related to trading, including spreads on buy and sell orders, and non-trading activities such as withdrawals and currency conversion.

Net income jumped almost thirteenfold last year to $192.4 million from $15.3 million a year earlier. The company has been ramping up its crypto business, with revenue from cryptoassets more than tripling to over $12 million in 2024. One-quarter of its net trading contribution last year came from crypto, up from 10% the prior year.

This isn't eToro's first attempt at going public. In 2022, the company scrappedto hit the market through a merger with a special purpose acquisition company (SPAC) during a sharp downturn in equity markets. The deal would have valued the company at more than $10 billion.

CEO Yoni Assia told C온라인카지노사이트 early last year that eToro was still aiming for a market debut but "evaluating the right opportunity" as it was building relationships with exchanges, including the Nasdaq.

"We definitely are eyeing the public markets," he said at the time. "I definitely see us becoming eventually a public company."

EToro said in its prospectus that had expressed interest in buying $100 million in shares at the IPO price. The company said it planned to sell 5 million shares in the offering, with existing investors and executives selling another 5 million.

Underwriters for the deal include , Jefferies and UBS.

— C온라인카지노사이트's Ryan Browne and Jordan Novet contributed reporting

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