In a bold move that signals growing investor confidence in fintech and crypto platforms, Israel-based trading giant eToro has priced its IPO shares at $52, surpassing its previously marketed range of $46 to $50. The decision boosted the total funds raised to $620 million, up from its initial $500 million target.

According to a press release on May 13, eToro and its shareholders sold over 11.92 million shares, which are set to begin trading on the Nasdaq Global Select Market under the ticker ETOR on May 14.

The offering, which remains open through May 15, includes a near-even split between new shares issued by eToro and those offered by existing shareholders—each contributing over 5.9 million shares.

This IPO marks a significant step for eToro as it enters the public markets as a formidable competitor to Robinhood Markets Inc. (HOOD), which went public in July 2021 and has seen its stock surge more than 67% year to date, according to Google Finance.

eToro had filed confidentially with the SEC in January before officially announcing its IPO plans on March 24, highlighting a measured yet ambitious approach to going public.

The Crypto IPO Wave Gains Momentum

eToro’s public debut comes amid a broader surge of crypto-related IPO ambitions. Fintech firm Chime has also filed to list on the Nasdaq under the symbol CHY, though its share count and pricing are still under wraps. Investment firm Renaissance Capital predicts Chime could raise up to $1 billion.

Meanwhile, crypto exchange Kraken is reportedly preparing for its own public listing later this year, joining a string of other blockchain companies eyeing Wall Street.

Notably, Circle, the stablecoin issuer behind USDC, filed for an IPO on April 1, only to pause shortly afterward following a global market downturn triggered by President Donald Trump’s April 2 tariff announcement.

Other players like BitGo, which launched a global OTC trading desk in February, and ETF issuer Bitwise, are also eyeing the public markets. Bitwise even projected in December that five major crypto unicorns—Circle, Kraken, Figure, Anchorage Digital, and Chainalysis—would go public in 2025.

A New Chapter for Crypto on Wall Street

eToro's IPO is the latest in a growing trend of fintech and crypto firms going public, following in the footsteps of Coinbase, which broke new ground in 2021 as the first major U.S. crypto company to list on the Nasdaq.

With investor enthusiasm heating up and market conditions stabilizing, 2025 could shape up to be a breakout year for crypto IPOs—cementing the industry's transition from disruptor to Wall Street mainstay.

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