eToro, the global trading and investment platform, has officially launched its roadshow for the initial public offering (IPO), announcing its intention to list on the Nasdaq Global Select Market with the symbol “ETOR”. The operation involves the sale of 10 million Class A ordinary shares, half of which will be offered directly by the company and the other half by some existing shareholders.
An offer of 10 million shares: half from eToro, half from the current shareholders
In detail, 5 million shares will be offered by eToro Group Ltd, while the remaining 5 million will be placed on the market by existing shareholders of the company. Additionally, eToro has announced that it will grant subscribers a 30-day option to purchase an additional 1.5 million shares, in case it becomes necessary to cover any over-allotment.
The expected price for each share falls within a range between 46 and 50 dollars, which could lead the overall valuation of the offering to exceed 500 million dollars, depending on the final price and the potential exercise of the additional option.
The listing on Nasdaq with the symbol “ETOR”
eToro has submitted an application for the listing of its Class A ordinary shares on the Nasdaq Global Select Market, one of the most prestigious platforms for technology and financial companies. The symbol chosen for the listing will be “ETOR”, a clear reference to the brand name.
The company has also filed with the Securities and Exchange Commission (SEC) a registration statement on Form F-1, which has not yet become effective. Therefore, until the registration is effective, it will not be possible to officially sell or purchase the shares.
The protagonists of the operation: the giants of finance alongside eToro
The IPO of eToro is supported by a group of major financial institutions. As lead book-running managers, they include:
- Goldman Sachs & Co. LLC
- Jefferies
- UBS Investment Bank
- Citigroup
To these are added other book-running managers such as:
- Deutsche Bank Securities
- BofA Securities
- Cantor
- Citizens Capital Markets
- Keefe, Bruyette & Woods (a company of the Stifel group)
- Mizuho
- TD Securities
Finally, in the role of co-manager, the following also participate:
- Canaccord Genuity
- Moelis & Company
- Needham & Company
- Rothschild & Co
- Susquehanna Financial Group LLLP
This broad participation of leading financial players underscores the market’s interest and confidence in eToro’s business model and future growth.
A regulated offer: only through prospectus
As required by U.S. regulations, the offering will be made exclusively through a prospectus, available on the SEC website or can be requested directly from the financial institutions involved. Among the contacts listed to obtain a copy of the preliminary prospectus are Goldman Sachs, Jefferies, UBS, and Citigroup, with dedicated email addresses and phone numbers.
It is important to emphasize that, until final approval by the SEC, no sale or purchase of shares can be carried out, nor will it be possible to accept purchase offers. The entire operation remains subject to market conditions and the completion of the review process by the supervisory authority.
The model and vision of eToro: investing together, in a simple and transparent way
Founded in 2007, eToro has established itself as one of the most innovative trading and investment platforms globally. The company was created with the aim of making the world of investments accessible, simple, and transparent for everyone, promoting a philosophy based on knowledge sharing.
Through its platform, eToro allows users to:
- Invest in traditional and innovative assets
- Operate directly on the markets
- Create personalized portfolios
- Copy the strategies of other expert investors
This combination of tools has given rise to a collaborative community, where users can learn, share experiences, and grow together in the world of investments. The eToro model is based on the idea that investing together can lead to better results compared to operating solo.
A strategic step towards global growth
The decision to proceed with the IPO represents a crucial step for the future of eToro. The stock market listing will not only provide new capital to support the company’s expansion, but it will also increase the visibility and credibility of the brand at an international level.
With millions of users worldwide and a platform that combines technology, finance, and social investing, eToro positions itself as one of the main players in the global fintech landscape. The entry onto Nasdaq could further consolidate this position, paving the way for new opportunities for growth and innovation.
Conclusion: a debut awaited by the markets
The announcement of eToro’s IPO marks a significant moment for the fintech sector. With a potential valuation of over 500 million dollars, a network of high-profile financial partners, and a platform that has revolutionized the way of investing, eToro is preparing to make its official entry into the public markets.
Investors and industry observers are now eagerly awaiting the outcome of the roadshow and the determination of the final offer price, which could represent one of the most interesting debuts of the year in the tech-financial sector.