The highly anticipated eToro IPO made a strong debut on the Nasdaq, signaling renewed confidence in the stock market recovery and the growing fintech sector. Trading on its own platform, eToro shares opened at $69.69, soaring 34% above the initial public offering price of $52. The stock closed the day at $67, valuing the company at an impressive $5.4 billion market cap.
Despite a slight 3% dip the following day, eToro’s ticker remained one of the most active on Yahoo Finance, reflecting strong investor interest in this innovative crypto trading platform and social investment app.
Yoni Assia, eToro co-founder and CEO, emphasized the company’s optimistic outlook on the market. “Since ‘Liberation Day,’ markets have improved significantly,” Assia said in a recent Yahoo Finance interview. “The feedback from investors during our IPO roadshow was outstanding, demonstrating strong engagement.”
eToro priced its IPO above expectations, selling six million shares to raise approximately $310 million. This successful Nasdaq debut comes after previous attempts to go public, including a shelved 2022 SPAC deal valued at $10.4 billion that fell through due to regulatory scrutiny.
Founded in 2007 by brothers Yoni and Ronen Assia in Israel, eToro quickly evolved from a startup operating out of a garage to a major player in the online investment app space. The platform notably introduced bitcoin trading in 2013, positioning itself ahead in the digital asset market even during the crypto winter.
With over 40 million registered users across 75 countries, eToro is now focused on expanding its fintech offerings. Assia revealed plans to enter savings, wealth management, and retirement markets in key regions such as Australia and the UK. “Our goal is to become the go-to investment app for younger generations,” he added.
Financially, eToro reported mixed Q1 2025 results. Funded accounts grew 14% year-over-year to 3.58 million, while adjusted EBITDA ranged between $76 million and $80 million, reflecting a 10% decline partly due to strategic investments in customer acquisition.
eToro remains a formidable competitor to other fintech platforms like Robinhood, which currently holds a $51 billion market cap. With a strong Nasdaq presence and expanding global footprint, eToro’s IPO represents a major milestone in fintech growth and the evolution of investment apps that blend stock and crypto trading.
