eToro up 32% since mid-May IPO

On Friday, the Israeli online trading platform's share price rose 9.8% and closed at a record high of $68.70, giving a market cap of $5.75 billion.

Israeli online trading platform eToro (Nasdaq: ETOR) has seen its share price soar 32.1% since its mid-May IPO. On Friday the share price rose 9.8% and closed at a record high of $68.70, giving a market cap of $5.75 billion. In afterhours trading, the share price rose a further 1.43%.

eToro, managed by CEO and cofounder Yoni Assia, has developed a trading platform for investors in various assets such as stocks, indices, commodities, and cryptocurrencies. The IPO on May 14 was at a price of $52 per share, which was higher than the pricing range sought, amid strong demand.

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There are currently no analysts covering the stock and such coverage is expected to begin soon. Meanwhile the Investor's Business Daily website has mentioned eToro as a stock at an interesting point for buying, alongside other stocks, including Amazon.

Published by Globes, Israel business news - en.globes.co.il - on June 8, 2025.

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