eToro Marks Nasdaq Debut With $5.4B Market Valuation

Yoni and Ronen Assia, brothers and co-founders of eToro, reportedly rang the Nasdaq trading bell to mark the listing of the Israeli fintech company. According to the company, eToro reached a market value of $5.4 billion and began trading between $67 and $60.

Reports noted that on the second day, the share price dropped by nearly 9% compared to the previous close. The stock finished its first trading session at $67 per share, above the IPO price of $52.

eToro’s IPO Sees Strong Start As Crypto Demand Drives Growth And Investor Interest

eToro opened trading at $69.69, which marked a 34% rise above its offering price. The firm reportedly priced 11.9 million shares above the earlier $46–$50 range after increasing the deal from 10 million shares.

Goldman Sachs, Jefferies, UBS, and Citi were named as joint bookrunners. Analysts noted this launch as the first successful U.S. IPO after several had been delayed due to uncertainty tied to tariffs.

The company stated that interest in crypto helped fuel growth. Crypto trading revenue at eToro reportedly reached $12.15 billion. The firm explained that when users understand crypto, they often gain more interest in stocks and the wider capital markets. Chief Executive Officer Yoni Assia said this link between crypto and equity engagement plays a key role in user growth.

eToro’s Global Reach Highlight Strong Market Confidence Despite Regulatory Limits

The public listing arrived as U.S. regulators eased certain actions against crypto firms. Under SEC Commissioner Paul Atkins, several cases against major platforms were paused or dropped.

However, reports confirmed that eToro still works under a limited crypto license in the U.S. due to a past settlement. This restricts its crypto services to Bitcoin, Ether, and Bitcoin Cash.

Observers suggest eToro’s performance may encourage other fintechs to reconsider paused IPOs. Companies like Klarna and Chime are reported to be monitoring market conditions closely. Chime is said to have filed for its Nasdaq listing shortly before eToro.

Despite ongoing regulatory concerns, investor interest in platforms that attract retail traders remains high. eToro’s valuation reportedly grew from $3.5 billion to $5.64 billion in a previous funding round.

The company has described itself as a global multi-asset investment firm offering financial services. eToro started operations in Tel Aviv and now runs offices in countries including Cyprus, the U.K., the U.S., Australia, Germany, and the UAE. The firm reported having 38 million registered users and over 3.5 million funded accounts.