Investor interest for eToro’s long-awaited IPO has
surged beyond expectations, reportedly prompting the fintech firm to shut its
order books earlier than planned.
According to Calcalist, the offering, led by Goldman
Sachs and Jefferies, is reportedly more than ten times oversubscribed. Backed
by explosive demand and renewed enthusiasm for crypto platforms, eToro now
stands to raise over $500 million at a valuation exceeding $4 billion.
According to sources familiar with the matter, the
underwriters have informed roadshow participants that no further orders will be
accepted beyond Monday.
The flood of investor interest may now be expected to prompt a boost in the IPO pricing, adding further upside to the company’s capital raise.
Missed Window, Now Seizing the Moment
eToro initially aimed to go public in 2021 but shelved
those plans amid regulatory uncertainty surrounding digital assets. That landscape shifted in 2024, as Donald Trump’s return to the White House caused renewed hope in the crypto and fintech sectors.
With regulatory sentiment easing and market confidence
returning, eToro seized the window it once missed.
Founded in Israel, eToro operates a trading platform for stocks, ETFs, and cryptocurrencies. The company’s recent financial results reflect a major turnaround, largely driven by a rebound in crypto
trading volumes.
Strong Financial Performance
After reporting a net loss of $21 million in 2022, the
company swung to a $192 million profit in 2024. Earnings per share followed
suit, rising from a loss of $11.45 in 2022 to $0.80 in 2023, and then to $9.85
in 2024.
The trading boom in digital assets played a key role
in eToro’s financial rebound. Revenue jumped from $639 million in 2023 to $931
million in 2024, while EBITDA nearly tripled from $117 million to $304 million
over the same period.
Expect ongoing updates as this story evolves.
Investor interest for eToro’s long-awaited IPO has
surged beyond expectations, reportedly prompting the fintech firm to shut its
order books earlier than planned.
According to Calcalist, the offering, led by Goldman
Sachs and Jefferies, is reportedly more than ten times oversubscribed. Backed
by explosive demand and renewed enthusiasm for crypto platforms, eToro now
stands to raise over $500 million at a valuation exceeding $4 billion.
According to sources familiar with the matter, the
underwriters have informed roadshow participants that no further orders will be
accepted beyond Monday.
The flood of investor interest may now be expected to prompt a boost in the IPO pricing, adding further upside to the company’s capital raise.
Missed Window, Now Seizing the Moment
eToro initially aimed to go public in 2021 but shelved
those plans amid regulatory uncertainty surrounding digital assets. That landscape shifted in 2024, as Donald Trump’s return to the White House caused renewed hope in the crypto and fintech sectors.
With regulatory sentiment easing and market confidence
returning, eToro seized the window it once missed.
Founded in Israel, eToro operates a trading platform for stocks, ETFs, and cryptocurrencies. The company’s recent financial results reflect a major turnaround, largely driven by a rebound in crypto
trading volumes.
Strong Financial Performance
After reporting a net loss of $21 million in 2022, the
company swung to a $192 million profit in 2024. Earnings per share followed
suit, rising from a loss of $11.45 in 2022 to $0.80 in 2023, and then to $9.85
in 2024.
The trading boom in digital assets played a key role
in eToro’s financial rebound. Revenue jumped from $639 million in 2023 to $931
million in 2024, while EBITDA nearly tripled from $117 million to $304 million
over the same period.
Expect ongoing updates as this story evolves.
This post is originally published on FINANCEMAGNATES.
