The Israeli company is estimated to make a net of $370 million after stock options were exercised by the underwriters.
ETOR shares jumped on their Nasdaq debut, and the company now has a market cap of $5.5 billion.
Why is eToro share price going down today? Let's check current eToro stock quote
eToro (Nasdaq: ETOR) has raised $403 million from its initial public offering (IPO). The underwriters exercised their stock options “in full” at a price of $52 per share, buying 1,788,452 shares, meaning around $93 million came from them.
Big Names Exercised Their Stock Options
The public offering was led by underwriters Goldman Sachs, Jefferies, UBS and Citigroup, along with a long list of other banks: Deutsche Bank, Bank of America, Cantor, Citizens Capital Markets, Keefe, Bruyette & Woods, Mizuho, TD Securities, Canaccord, Moelis, Needham, Rothschild and Susquehanna.
Yoni Assia, the CEO of eToro
However, the $403 million figure does not account for underwriting discounts, commissions, or estimated offering expenses. In the amended IPO prospectus, eToro stated that it expects to net $370 million after deducting all costs and fees.
eToro offered around 12 million shares in its IPO, half of which were newly issued and the other half sold by existing shareholders. The 1.78 million shares of options granted to the underwriters were in addition to the public offering.
At $52 per share, the company raised about $310 million, while the existing shareholders received another $310 million. However, the underwriters charged $3.12 per share as underwriting discounts and commissions, taking away roughly $37.2 million.
After the underwriting deductions, the company and shareholders each received about $291.4 million. The $93 million from the underwriters’ options exercise went directly to the company, not to the existing shareholders.
“We intend to use the net proceeds from this offering for general corporate purposes, including working capital, operating expenses and capital expenditures,” the IPO prospectus noted. “We may also use a portion of the net proceeds to make acquisitions or investments, although we do not have agreements or commitments for any material acquisitions or investments at this time.”
eToro had a strong public listing earlier this week. The company's shares debuted on the exchange with a premium of about 29 per cent. However, the share price fell on the second day, likely due to profit-booking.
The Israeli company’s IPO attracted heavy demand, as the bookrunners had to close the order book after it was oversubscribed ten times. Following the strong demand, the company also raised the IPO price to $52 per share from the previously set range of $46 to $50. The broker’s market cap reached around $5.5 billion at market close on Thursday.
eToro (Nasdaq: ETOR) has raised $403 million from its initial public offering (IPO). The underwriters exercised their stock options “in full” at a price of $52 per share, buying 1,788,452 shares, meaning around $93 million came from them.
Big Names Exercised Their Stock Options
The public offering was led by underwriters Goldman Sachs, Jefferies, UBS and Citigroup, along with a long list of other banks: Deutsche Bank, Bank of America, Cantor, Citizens Capital Markets, Keefe, Bruyette & Woods, Mizuho, TD Securities, Canaccord, Moelis, Needham, Rothschild and Susquehanna.
Yoni Assia, the CEO of eToro
However, the $403 million figure does not account for underwriting discounts, commissions, or estimated offering expenses. In the amended IPO prospectus, eToro stated that it expects to net $370 million after deducting all costs and fees.
eToro offered around 12 million shares in its IPO, half of which were newly issued and the other half sold by existing shareholders. The 1.78 million shares of options granted to the underwriters were in addition to the public offering.
At $52 per share, the company raised about $310 million, while the existing shareholders received another $310 million. However, the underwriters charged $3.12 per share as underwriting discounts and commissions, taking away roughly $37.2 million.
After the underwriting deductions, the company and shareholders each received about $291.4 million. The $93 million from the underwriters’ options exercise went directly to the company, not to the existing shareholders.
“We intend to use the net proceeds from this offering for general corporate purposes, including working capital, operating expenses and capital expenditures,” the IPO prospectus noted. “We may also use a portion of the net proceeds to make acquisitions or investments, although we do not have agreements or commitments for any material acquisitions or investments at this time.”
eToro had a strong public listing earlier this week. The company's shares debuted on the exchange with a premium of about 29 per cent. However, the share price fell on the second day, likely due to profit-booking.
The Israeli company’s IPO attracted heavy demand, as the bookrunners had to close the order book after it was oversubscribed ten times. Following the strong demand, the company also raised the IPO price to $52 per share from the previously set range of $46 to $50. The broker’s market cap reached around $5.5 billion at market close on Thursday.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
United Fintech Scores Sixth Backer Days After Barclays Deal
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
