eToro IPO

Learn about eToro and its IPO, with its potential price drivers, and how to trade shares via CFDs.

When is the eToro IPO?

eToro launched its ‘IPO roadshow’ on 5 May 2025 and is preparing to list on the Nasdaq Global Select Market under the ticker symbol ‘ETOR’.

eToro has announced an offering of 10m Class A shares – half from eToro, half from existing shareholders – with a price range set between $46 and $50 per share. The social trading innovator is targeting a valuation of up to $4bn at launch, based on 80.87m shares outstanding after the IPO. While the precise listing date is yet to be confirmed, industry sources suggest the IPO could take place as early as Q2 2025, subject to market conditions. Goldman Sachs, UBS, Citigroup, and Jefferies lead the underwriting.

Shares will be available to trade during standard US stock market trading hours once the listing goes live.

Daylight Saving Time (March to November): 1:30pm to 8pm UTC.
Standard Time (November to March): 2:30pm to 9pm UTC.

Once listed, you'll be able to access eToro (ETOR) stock using spread bets or contracts for difference (CFDs), allowing positions to be taken on price movements without direct ownership of the shares.

Find more upcoming IPOs in our best upcoming IPOs in 2025 guide.

What is eToro?

eToro is an Israel-based fintech company specialising in social trading and multi-asset investing, founded in 2007 by Yoni Assia, Ronen Assia, and David Ring. Headquartered in Tel Aviv, eToro operates globally with offices across the UK, US, Australia, Cyprus, Germany, and the UAE, serving over 30 m registered users in more than 75 countries as of 2025. Its flagship features include copy trading and user-generated portfolios, which allow retail investors to mirror the strategies of more experienced traders.

After a cancelled SPAC deal in 2021, eToro returned to private fundraising and filed for an IPO in March 2025, but subsequently paused the process due to market uncertainty. eToro officially launched its IPO roadshow on 5 May 2025, aiming to raise up to $500 m by offering 10 m shares on the Nasdaq Global Select. According to Reuters, funds managed by BlackRock may buy up to $100 m of ETOR stock.

What might influence eToro’s live stock price?

Once it lists on the Nasdaq Global Select Market, eToro’s share price could be shaped by a range of company-specific and broader market factors. Here are the main drivers to watch:

Financial performance

eToro’s earnings are likely to be a core driver of its share price post-IPO. In 2024, the company reported $931 m in commission income (total fees collected) and $192 m in net profit, both sharply higher year-on-year. Strong quarterly results, improving margins or upgraded forecasts may lift investor confidence and support the price. However, any sign of slowing growth, increased costs, or missed targets could lead to downward pressure.

User metrics and platform activity

With over 30 m registered users and 3.5 m funded accounts, eToro’s scale is a major part of its valuation. Growth in user numbers, increased trading volumes, or stronger engagement – particularly in stock markets – could help drive the share price higher. If these figures start to plateau or show signs of decline, it may raise questions about future growth potential and weigh on the stock.

Regulatory developments

eToro operates in multiple jurisdictions and asset classes, and remains under active regulatory oversight – especially in areas like retail investing. New licences, approvals in untapped markets, or progress towards clearer global regulation could improve investor sentiment. By contrast, tighter compliance requirements, increased scrutiny, or new limitations in key markets may raise costs and act as a drag on performance.

Sector and market sentiment

The broader investment environment could also shape eToro’s valuation. Positive momentum in fintech, successful IPOs in the same space, or rising retail investor participation can create tailwinds. On the other hand, volatility in tech stocks, weak performance from peers, or broader market downturns could negatively impact demand for eToro shares, regardless of company fundamentals.

Competition and innovation

Expanding its offering, launching new tools, or securing partnerships could give eToro a competitive edge and boost the stock. However, pressure from rivals – whether from low-cost brokers or newer platforms with similar social trading features – could lead to investor concerns around market share and future growth.

Macroeconomic conditions

As a global company, eToro’s performance is affected by broader economic factors, including interest rates, currency movements, and investor sentiment. A supportive macro backdrop – such as stable markets, low rates, or increased retail investing – could support trading activity and revenues. In contrast, economic slowdowns, geopolitical risk, or a stronger US dollar may reduce platform usage and impact profitability.

Learn more about trading shares in tech stocks and more with our shares trading guide.

How to trade eToro stocks

eToro shares will trade on the Nasdaq Global Select Market under the ticker ETOR once the IPO is complete. Once listed, you may be able to trade eToro shares or speculate on their price via contracts for difference (CFDs), allowing you to take a position without owning the shares.

Pick a brokerChoose a trading platform or broker that offers US stocks and CFDs, and will list ETOR after its IPO. For instance, our platform provides CFD trading, with the option to go long or short.
Open a trading accountRegister with your chosen provider. You’ll need to provide personal details and verify your identity to comply with regulations.
Deposit fundsAdd money to your account using your preferred method. Ensure you meet minimum deposit and margin requirements before placing a trade.
Find eToro (ETOR) sharesAfter the IPO and official listing, search for 'eToro stock' or the ticker symbol 'ETOR' on your broker’s platform.
Track the ETOR live priceCheck ETOR’s live price chart (eToro price), earnings reports, market analysis, and platform updates to stay informed. Key drivers may include user growth, revenue figures, and sector sentiment.
Place your trade Decide whether to buy or sell based on your market outlook. Set your trade size, and buy (go long) expecting the price to rise, or sell (go short) if you think it will fall.
Monitor and manage riskTrack your position. Use stop-loss and take-profit orders to manage your risk, and stay updated with news about eToro and the fintech sector.

Practise trading with virtual funds – open a demo account.

Which fintech shares can I trade right now?

Looking to jump into fintech stocks today? While the eToro IPO is still in the pipeline, there’s no shortage of exciting fintech shares you can trade today. Here’s a quick guide:

PayPal (PYPL)

PayPal operates a global digital payments platform, serving individuals and merchants across over 200 markets. Its products include peer-to-peer transfers (via Venmo), merchant checkout tools, and crypto trading features. PayPal’s share price is influenced by transaction volumes, take rates, and competition in digital wallets.

Robinhood (HOOD)

Robinhood is a US-based trading platform known for commission-free stock trading. It targets retail investors and derives revenue from payment for order flow and interest on customer balances. Traders might monitor Robinhood’s share price, earnings, user growth, and regulatory developments for trading opportunities.

Block (SQ)

Block (formerly called Square) combines digital payments, point-of-sale hardware, and a retail investing app called Cash App. It also owns a stake in the crypto space via its Bitcoin-focused unit. Block’s share price may react to retail spending trends, Cash App adoption, and macro sentiment in payments and crypto.

SoFi Technologies (SOFI)

SoFi is a US-based online personal finance firm offering loans, investing, banking, and credit services. It also operates as a chartered bank. SoFi’s share price is influenced by net interest income, lending volumes, and adoption of its all-in-one finance platform.

Can’t trade eToro yet? Trade fintech shares now with CFDs!

Be ready when eToro goes live – practise trading with a demo account!

FAQs

Will eToro IPO?

Yes – eToro is set to go public on the Nasdaq Global Select Market under the ticker ETOR. The company began its IPO roadshow on 5 May 2025, offering 10 m Class A shares – half from eToro, half from existing shareholders. This is eToro’s first traditional IPO after shelving a previous SPAC merger attempt in 2021.

What is the IPO launch date?

No firm listing date has been announced, but eToro’s debut is expected in Q2 2025, subject to market conditions and regulatory approval. Once listed, eToro stock (ETOR) will trade during standard US market hours.

How much is eToro worth?

At the indicated price range of $46–$50 per share, the eToro IPO valuation would value the company between $4 bn and $5 bn. The final valuation will depend on the IPO’s pricing, overall demand, and eToro price at the open.

When was eToro founded?

eToro was founded in 2007 by Yoni Assia, Ronen Assia and David Ring. Originally launched as a trading visualisation tool, it has since grown into a global social investing platform with over 30 m users.

Is eToro a good investment?

eToro’s IPO may attract those interested in fintech, retail trading, and crypto exposure. However, as with any new listing, ETOR shares could be volatile. Key factors to watch post-IPO include user growth, quarterly results, and regulatory updates. For CFD traders, price movements will serve as a key indicator.