eToro Shares Jump Nearly 29% on Market Debut

Strong IPO launch signals renewed investor interest and may revive a sluggish listings market

eToro’s IPO Soars Past Expectations

Shares of online trading platform eToro Group surged nearly 29% on their first day of trading, in what is being hailed as a major success for the struggling IPO market.

eToro priced its initial public offering (IPO) at $52 per share, higher than expected, before opening at $69.69 on Wednesday. The stock climbed to a session high of $74.28—a 43% gain from its listing price—before closing at $67.

This debut values the company at approximately $6.6 billion, marking a significant achievement amid a cautious investment climate.

Demand Beats Expectations, Raises $620 Million

Ahead of its debut, eToro increased the size of its IPO, ultimately raising $620 million. The company sold 11.92 million shares, up from its initial plan to offer 10 million. The final IPO price of $52 was $2 above the expected range of $46 to $50 per share.

Founded in 2007, eToro allows users to trade a range of assets including cryptocurrencies, positioning itself as a strong competitor to US-based platform Robinhood.

Positive Sign for a Dormant IPO Market

eToro’s success is being seen as a positive signal for the broader IPO landscape, which has remained largely inactive since 2021. That year, nearly 400 companies went public, but many failed to sustain their momentum.

According to Renaissance Capital, only 17.4% of 2021 IPOs are currently trading above their initial offer prices.

Analysts say eToro’s strong debut could pave the way for other companies to follow suit in 2025, injecting much-needed optimism into the listings market.

More Companies Eye Market Debut

eToro’s performance has come just as other high-profile firms prepare to go public:

• Chime Financial, a US-based fintech company, filed its IPO paperwork this week. Though it was unprofitable in 2024, its losses narrowed significantly, and it posted a $12.9 million profit for the first quarter of 2025. Chime plans to list under the ticker CHYM on the Nasdaq.
• Circle Internet, a crypto company, also filed for IPO in April. The firm, best known for issuing the USDC stablecoin, has yet to confirm pricing or terms.

These developments suggest a renewed appetite for technology and financial listings, following several quiet years for public offerings.

A Promising Reboot for IPO Market

eToro’s impressive debut is a welcome boost for investors and companies alike. The strong demand and early share price performance signal renewed confidence in tech-driven platforms with proven user bases.

With other players like Chime and Circle now joining the queue, eToro’s success could mark the beginning of a more active and healthier IPO environment in 2025.

Investors will be watching closely to see whether this momentum continues—and if eToro can maintain its valuation in the months ahead.

Sources: (Fortune.com, MSN.com)