eToro IPO Countdown: Bull Market Fiesta or Stock Siesta?

Explore ways to invest in eToro stock as the company approaches its IPO date, expected in Q2 2025. The F-1 filing dropped on March 24th. eToro will trade under the symbol “ETOR” on the Nasdaq. 

Invest in pre-IPO companies like OpenAI, Databricks, and Anthropic via the Fundrise Innovation Fund.

---

Recent eToro News

03/24/2025: eToro F-1 Filing is live
02/12/2025: eToro Announces Confidential F-1 Submission to SEC
01/23/2025: Stocktwits users can trade directly with eToro
01/16/2025: eToro files for US IPO confidentially
Older news…

---

About eToro

eToro is a Tel Aviv, Israel-based private online trading platform founded in 2007 by brothers Ronen and Yoni Assia alongside David Ring. The company aims to democratize global finance (a common fintech refrain).

Initially focused on forex trading, eToro expanded to offer multiple investment options, including stocks, commodities, and cryptocurrencies.

Its social trading platform offers CopyTrading, where users replicate the investment strategies of other traders, encouraging a community-based approach to investing. 

eToro has become a prominent global player in the retail trading market, serving millions of users across over 100 countries. Competing with platforms like Robinhood, SoFi Invest, Webull, Moomoo, and Coinbase, eToro differentiates itself with its unique combination of social features and multi-asset capabilities.

As it continues to innovate with offerings like NFTs and staking services (locking crypto coins to support blockchain operations), eToro is positioned to take advantage of the growing popularity of alternative digital assets and social investing. However, it faces challenges from regulatory scrutiny and fierce competition in an increasingly crowded fintech landscape.

IPO Terms

• IPO Date: TBD (April 2025)
• Stock Symbol: “ETOR”
• Exchange: Nasdaq
• Common Stock Offered: TBD
• IPO Valuation: TBD
• Raise: TBD 
• Lead Underwriters: Goldman Sachs, Jefferies, UBS, Citigroup
• IPO Roadshow: TBD
• IPO Price: TBD
• Opening Trade: TBD
• Opening Trade Time: TBD

eToro IPO F-1 Filing

Below is an embedded copy of the initial public filing released on March 24th, 2025.

Get the latest filings on the SEC website.

Ownership

eToro is a venture-backed startup that counts several venture capital firms as investors. The founders and employees make up the balance of equity owners. 

Venture capital investors include SoftBank Vision 2 Fund, ION Group, Cubit Investments, Pitango VC, BRM Group, Social Leverage, Spark Capital,  Ping An Capital, Sberbank, CommerzVentures, Korea Investment Partners, SBI Group, China Minsheng Financial,  Velvet Sea Ventures, Jonathan Kolber, and Guy Gamzu.

Funding Rounds

WordPress Data Table Plugin

Valuation

The latest confirmed eToro valuation is $3.5 billion based on the March 2023 funding round. As of January 2025, pre-IPO data aggregators and marketplaces suggest the valuation as of January 2025 is closer to $2 billion.

However, an FT report suggest its 2025 IPO could aim for $5 billion. 

IPO Potential

The eToro IPO date is expected in April 2025. The company filed for an IPO on March 24th, 2025. 

eToro filed confidentially in early 2025, as reported by the Financial Times. In December 2024, Bloomberg reported that eToro hired Goldman Sachs to lead its IPO and could go public as soon as Q2 2025. That is on track with the latest filing news. 

In February 2024, eToro CEO Yoni Assia told CNBC:

We definitely are eyeing the public markets. I definitely see us becoming eventually a public company. When is the ideal time to do that? We’re always evaluating the right opportunity at the right time and the right market.

In March 2021, eToro announced plans to go public through a $10.4 billion SPAC merger with FinTech Acquisition Corp V, led by Betsy Z. Cohen.

The deal faced setbacks from market volatility and financial control issues within the SPAC, ultimately collapsing by mid-2022.

We’ll learn more about a potential eToro IPO date if and when it files an S-1 (confidentially or publicly).

If IPO volume increases and other fintech companies successfully launch public offerings in 2025, eToro may accelerate its IPO ambitions, especially if the regulatory environment improves with the new administration.

How to Invest in eToro Stock

Most individuals cannot own eToro stock via most pre-IPO investing platforms because of the SEC accreditation requirement. 

Furthermore, if and when the eToro IPO date arrives, it will still be difficult for most investors to acquire IPO shares due to high demand. Current customers may have an edge. 

Therefore, the most likely way investors can own eToro stock is to wait for the IPO and buy shares after it goes public.

But savvy pre-IPO investors may find other opportunities to own the company before the IPO. 

Here are some potential options to own eToro stock before, during, and after the IPO.

1. Access eToro Stock pre-IPO

Pre-IPO investment platforms sometimes offer eToro stock for purchase as employees or early investors seek to sell some of their shares before the eToro IPO. The frequency of availability will slow down as the IPO approaches.

Accredited investors may access investment opportunities, provided they are registered on the platform and receive notifications about their availability.

Monitor pre-IPO investing platforms such as Linqto, Forge Global, EquityZen, and Hiive for share availability. 

Investment minimums range from $2,500 to $50,000 or more on these platforms. 

Pre-IPO investment platform memberships are free, but deal-specific minimum investment amounts may apply and vary.

Non-accredited investors can invest in pre-IPO companies via venture capital funds targeted to retail investors. Venture capital funds are an exciting asset class that emerged in 2022.

The Fundrise Innovation Fund (review) is the most promising for patient, long-term investors.

eToro is not currently held in the Fund. But the company has indicated that financial technology companies will be a foundational target sector.

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

2. Participated in the eToro IPO through a broker

As far as we know, eToro does not offer IPO access on its platform. However, Robinhood used its IPO to launch IPO access on its platform, so it is possible. The company may find a way to offer IPO shares through other means, potentially through a lead underwriter. 

Since eToro is a broker, it may be hesitant to allow IPO allocations to go to competitors. 

When a company goes public, investors can buy the stock during the IPO at the IPO price. 

Before, only Wall Street’s top customers could invest in IPOs. But now, retail investors can access IPOs through participating discount brokers. 

Some online brokers (like the ones listed below) allow investors to invest in IPOs for free, even if they have limited funds in their accounts.

• TradeStation 
• Robinhood 

Brokers secure exclusive IPO share access, and having multiple brokerage accounts can improve your chances of receiving an allocation with high-demand IPOs.

TradeStation, partnered with Click Markets, has facilitated over 400 IPOs and secondary offerings, while Robinhood leverages Silicon Valley networks for high-profile IPO allocations.

Explore the best brokers for IPO investing to learn more about retail investor access.

3. Directed Share Program

Customers should read the eToro S-1 filing closely when it becomes public. Look for mentions of a directed share program.

This filing mechanism allows companies to set aside IPO shares for certain individuals or groups of people. Customer-centric businesses like eToro are excellent candidates for directed share programs if they are dedicated to their customers and can fend off the heavy hands of the lead bookrunners.

If offered, customers should monitor the email account associated with their eToro brokerage account after the S-1 filing is released for an invitation to invest. The offer would likely only apply to U.S. residents 18+ and may have other eligibility requirements, such as time as a customer account asset levels. 

4. Buy the stock after the eToro IPO

Waiting for the IPO has advantages, like access to detailed financials after the first quarter of trading. Pre-IPO investing often has limited financials for individual investors. 

High-demand IPOing companies may have exaggerated valuations. Investors can benefit by attempting to sell near the peak but may suffer when prices revert to fair valuations. Timing the market is always challenging. 

IPOs often start with high valuations, but stock prices may fall after the first and second-quarter earnings reports expose significant numbers and trends.

Stock price declines can be excellent entry points for recent IPO stock. Avoid buying overvalued shares immediately after the IPO due to lockup expirations and earnings disappointments.

However, the most disruptive companies may perform better over a decade, so patience is key.

Frequently Asked Questions (FAQs)

Is eToro Publicly Traded?

No. eToro is not publicly traded. It is a private startup. 

What is the eToro Stock Price?

A public eToro stock price does not exist because it is still private. 

The March 2023 funding round closed at $148.31 per share. However, pre-IPO data aggregator Caplight estimates the price has fallen to about $89.50 as of January 2025. 

What is the eToro Stock Symbol?

We’ll learn the eToro stock symbol if the company pursues an IPO. The Form S-1 filing with the SEC will contain the information if and when it is released to the public.

The company has not yet indicated it is ready to prioritize an IPO. However, we can speculate about what the eToro ticker will be.

Here are some suggestions that seem likely and are available in the U.S.:

• TORO

Does eToro offer IPO access?

No.

eToro News Archive

12/06/2024: eToro Taps Goldman Sachs for IPO
09/12/2024: eToro to shut down nearly all crypto trading
02/26/2024: eToro CEO considers IPO after scrapped SPAC deal
03/21/2023: eToro valued at $3.5 bln in funding round
03/16/2021: eToro going public in $10.4 billion SPAC deal

Conclusion

eToro’s path from a forex-focused startup to a global multi-asset trading platform underscores the transformative potential of fintech when paired with innovation and community-centric approaches.

Its emphasis on social trading redefined the retail investing landscape and launched multiple copycats.

As it looks toward a potential IPO, eToro must navigate significant challenges, including regulatory scrutiny and the volatility inherent in fintech markets.

Success in the public arena will require added regulatory scrutiny but indicate staying power amid fierce competition.

The company’s push into emerging markets like NFTs and staking services reflects its willingness to adapt. Still, long-term growth will hinge on its ability to balance innovation with regulatory compliance and customer trust.

The question of whether eToro can sustain its vision of democratized investing in a saturated market where Robinhood, SoFi Invest, and several other fintechs maintain sticky customer relationships remains.

Bookmark this page for the most recent eToro IPO news as the company approaches its public listing.