- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
eToro Soars on Nasdaq Debut, Signaling Revival in Crypto-Related IPOs
By: bitcoin ethereum news|2025/05/15 19:45:05
0
Share
eToro trading platform performed exceptionally on its first day on the U.S. stock exchange. The demand for the company’s stock was phenomenal before the official debut on Nasdaq, and due to this, firm increased its IPO size to $620 million. The company’s revenue grew dramatically from $3.4B in 2023 to $12.1B in 2024, though expected to represent a smaller percentage of the 2025 revenue. eToro Group made a fantastic debut on the U.S. exchange on Wednesday, with the stock price surging almost 30% on its first day of trading. Its stock price closed at $67, above its IPO price of $52. It brings the company’s market capitalization to over $5.5 billion. Upsized Offering Reflects Strong Investor Demand The successful market debut comes after the strategic move by eToro to raise its initial public offering from $500 million to $620 million days before listing. The company and the existing shareholders sold around 11.92 million shares, half each, after setting the price of shares at a higher price than the range of $46-$50. This impressive performance was achieved despite the initial delays due to market turbulence. The April tariff announcements by President Trump temporarily stopped many planned public offerings. BlackRock-managed funds had earlier expressed interest in buying up to $100 million worth of shares at the IPO price, which was an indication of institutional belief in the trading platform. This successful listing confirms the fact that retail investing is a sustained trend and not a passing fad, stated Robert Francis, managing director at eToro Australia. The company’s regulatory filings indicated a very strong growth in crypto-related revenue, which stood at $12.1 billion in 2024, up from $3.4 billion a year ago. However, the company estimates that crypto will take a smaller share of the trading commissions in early 2025, which means diversification in revenue streams. eToro’s successful market debut is remarkable as its direct competitor Robinhood stock plunged 1.9% on the same day. The offering, which is spearheaded by some of the world’s biggest financial institutions such as Goldman Sachs and Citigroup, is a potential resurgence of the crypto IPO landscape. A number of other leading digital asset companies, such as Kraken and Circle, are also said to be planning public offerings. Although some plans were put on hold after recent market volatility. eToro’s journey to public markets was not without challenges, having previously abandoned a $10 billion SPAC merger in 2022 amid pandemic-related market conditions and inflation concerns. Highlighted Crypto News Today: MetaMask Token Remains a Possibility as Regulatory Landscape Shifts Source: https://thenewscrypto.com/etoro-soars-on-nasdaq-debut-signaling-revival-in-crypto-related-ipos/
You may also like
a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge
Institutional AI and Retail AI "Better Integration" is an Inevitable Trend.
Why did the star Web3 project Across Protocol choose to abandon DAO?
The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.
In fact, ETH scaling is a major benefit for L2
ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.
Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.
The Cryptographic Past of the Middle East
Reality is often more exciting than fiction.
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.
On the eve of the explosion of on-chain options
Options are becoming a new anchor in the cryptocurrency market.
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
A skilled person never picks the table, they eat meat with every bite.
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.
a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge
Institutional AI and Retail AI "Better Integration" is an Inevitable Trend.
Why did the star Web3 project Across Protocol choose to abandon DAO?
The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.
In fact, ETH scaling is a major benefit for L2
ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.
Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.
App