Israel based online trading provider eToro has announced the successful pricing of its initial public offering (IPO), which saw the sale of 11,923,018 eToro Class A common shares at a public offering price of $52 per share – for a total offering size of $620 million.

Both the size of the offering (initially 10 million shares) and price (initial indicated range of $46-50) were upsized by the company and its underwriters, after the eToro offering became heavily oversubscribed, as we reported earlier this week.

The offering consists of 5,961,509 new shares sold by eToro, and 5,961,509 shares sold by certain existing shareholders – meaning that about half the proceeds raised in the IPO (about $310 million) will go to the company as new capital, while the other half goes to selling shareholders, including a number of eToro’s senior managers and directors.

The offering gave eToro a valuation of $4.26 billion, including the value of the newly issued shares.

eToro’s shares are expected to begin trading on the Nasdaq Global Select Market later today (May 14, 2025), under the ticker symbol NASDAQ:ETOR. The offering is expected to close on May 15, 2025, subject to customary closing conditions.

In addition, eToro has granted the underwriters a 30-day option to purchase up to an additional 1,788,452 Class A common shares from eToro.

Goldman Sachs & Co. LLC, Jefferies, UBS Investment Bank and Citigroup are acting as lead book-running managers for the offering. Deutsche Bank Securities, BofA Securities, Cantor, Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, Mizuho, and TD Securities are acting as additional book-running managers. Canaccord Genuity, Moelis & Company, Needham & Company, Rothschild & Co and Susquehanna Financial Group, LLLP are acting as co-managers.