EToro Seeks to Pull In Almost $620M In US IPO Priced Above Projections

By: crypto news|2025/05/14 13:30:06
0
Share
copy
Crypto and stock trading platform eToro priced its upsized US initial public offering at $52 per share, seeking to raise nearly $620m after boosting its offer above the marketed range of $46 to $50.It plans to list on the Nasdaq Global Select Market under the ticker ETOR on May 14.Founded in 2007 as a social stock-trading network, eToro added crypto trading in 2018 and has since grown into one of the largest retail crypto brokers. In September, it agreed to limit its US crypto offerings to Bitcoin, Bitcoin Cash and Ether to settle SEC charges that it operated as an unregistered broker and clearing agency.eToro $ETOR looks like a strong IPO upcoming... pic.twitter.com/WvBzD7zPYo— Mike Zaccardi, CFA, CMT (@MikeZaccardi) May 13, 2025BlackRock Eyes $100M Stake at IPO PriceRegulatory filings show eToro seeks to sell 11.92m shares in the upsized deal. BlackRock signaled interest in purchasing up to $100m of shares at the IPO price. Goldman Sachs, Jefferies UBS and Citigroup served as lead underwriters.The Israel-based trading platform had earlier targeted a valuation of up to $4b in the offering. However, the upsized pricing now gives eToro a market cap of about $4.3b based on outstanding shares. Additionally, its fully diluted value approaches $5b once employee options are included.This marks a rebound from a failed 2022 SPAC merger that would have valued the company at more than $10b. At the time, wider market turmoil prompted eToro to pause its public listing plans.Crypto Firms Target US Listings in 2025The renewed push comes as US IPO activity picks up under the current administration’s more permissive stance on markets and technology companies. Several other crypto firms are eying US IPOs in 2025 amid recovering markets and looser regulations. USDC issuer Circle, Kraken, Ripple, Gemini and Peter Thiel-backed exchange Bullish have all been linked to potential offerings. Going public would grant them fresh capital, boost transparency and credibility and draw investors who might otherwise avoid holding digital assets directly.The post EToro Seeks to Pull In Almost $620M In US IPO Priced Above Projections appeared first on Cryptonews.

You may also like

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

AI Agents in Action Summit: March 31, Hong Kong Cyberport, focusing on the deep waters of AI implementation

Tomorrow, Hong Kong Cyberport will grandly open. The "AI Agents in Action" summit gathers top experts, directly addressing the real evolution of AI Agents from conceptual celebration to productization and large-scale commercial implementation.

29 Days In, What Are America’s Options on Iran?

The key is not in ground invasion but in the combination of striking capability and governance.

Flash Crash Down 97%+ with Ongoing Unlocking, WLD Completes $65 Million Off-chain Funding: Who Is Still Buying?

In the current deep bear market environment, being able to complete multi-million dollar token trades is quite rare.

Popular coins

Latest Crypto News

Read more