Israel’s eToro Group Ltd. (ETOR Proposed), a global trading platform for retail investors, set the terms for its $480 million IPO early today – Monday, May 5, 2025 – and launched the deal to price next week. The Israeli company’s F-1/A filing showed that eToro Group Ltd. is offering 10.0 million shares at a price range of $46.00 to $50.00 a share to raise $480.0 million, if the IPO is priced at the $48.00 mid-point of its range. The market cap would be about $3.88 billion, assuming mid-point pricing. This is a NASDAQ listing.
Goldman Sachs, Jefferies, UBS Investment Bank and Citigroup are leading the joint book-runners’ team.
“We are a global trading platform that serves retail investors. As of Dec. 31, 2024, we had about 3.5 million funded accounts for customers in 75 countries,” the prospectus said.
On eToro’s platform, users can trade equities, commodities, currencies and crypto assets, traded as the underlying asset or a derivative, depending on the asset class and on the user’s location, the prospectus said.
eToro Group Ltd. is profitable, according to the financial statements in the prospectus. For the 12 months that ended Dec. 31, 2024, eToro Group Ltd. reported net income of $192.0 million on revenue of $1.26 billion.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.comstaff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.
Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.
