eToro Surges 29% in Nasdaq Debut as IPO Marks Comeback Moment for Public Listings

Stock trading platform eToro made a robust debut on Nasdaq, with its shares surging 34% above their IPO price at opening and closing the day nearly 29% higher at $67. The IPO raised nearly $310 million, with eToro selling close to six million shares at $52 each — higher than the expected range of $46 to $50. An equal number of shares were also sold by existing investors, valuing the company at around $4.2 billion at the IPO price and over $5.4 billion by market close.

eToro’s IPO Signals Market Revival Amid Tariff Concerns and Investor Uncertainty Recovery Efforts

eToro’s successful IPO is being closely watched as a potential signal of revived investor appetite for public listings after a long lull in the IPO market. Some on Wall Street had anticipated that Donald Trump’s return to the political arena might spur listings, but renewed tariff concerns delayed many companies’ plans. According to eToro CEO Yoni Assia, the firm waited for signs of market stability, particularly a calming of the CBOE Volatility Index, before making its move.

The IPO marks a significant turnaround for eToro, which initially planned to go public via a SPAC deal in 2021 that valued the company at over $10 billion. Those plans were shelved in 2022 due to poor market conditions. Despite the setback, eToro remained committed to going public, joining other fintechs like Chime and Hinge Health that are also testing IPO waters.

Rapid Growth, Crypto Expansion, and Strong Investor Backing Propel eToro’s Market Position

Founded in 2007, eToro has built a diversified revenue stream from trading and non-trading activities. The company saw its net income jump from $15.3 million in 2023 to $192.4 million in 2024. Crypto trading has emerged as a key growth driver, with revenue from digital assets more than tripling to over $12 million. Crypto accounted for 25% of net trading contribution in 2024, up from 10% the year before, though it declined slightly in Q1 2025.

eToro’s largest external shareholder post-IPO is Spark Capital, holding a 14% stake, followed by BRM Group with 8.7%. CEO Yoni Assia retains a significant personal stake of 9.3%, underlining his ongoing influence in the company’s direction. With strong investor backing and a renewed focus on growth through crypto and trading innovation, eToro is positioning itself as a serious contender in the retail investing space.