Latest news with #EToroGroupLtd
The Star
3 days ago
- Business
- The Star
Software the missing piece
MAY'S string of successful technology company debuts is reigniting optimism that the once-prolific enterprise software sector will soon resurface as a significant contributor to the US deal mix. Robust initial public offerings (IPOs) last month from EToro Group Ltd, Hinge Health Inc and MNTN Inc, as well as strong early demand for this week's IPOs from Circle Internet Group Inc and Omada Health Inc, point to a much improved market for first-time stock sales from companies spanning fintech, digital health, adtech and crypto. Billed as RM9.73 for the 1st month then RM13.90 thereafters. RM12.33/month RM8.63/month Billed as RM103.60 for the 1st year then RM148 thereafters. Free Trial For new subscribers only
Bloomberg
14-05-2025
- Business
- Bloomberg
Trading Platform EToro Surges 42% After $620 Million Upsized IPO
EToro Group Ltd. shares rose as much as 42% in its first session as a public company, after the trading and investment platform and some of its backers raised nearly $620 million in an upsized IPO. Shares of the Israel-based firm traded at $72.11 each as of 12:23 p.m. on Wednesday in New York, above the initial public offering price of $52 apiece.
Yahoo
25-03-2025
- Business
- Yahoo
EToro Files for IPO Showing Commissions Jumped 46% Last Year
(Bloomberg) -- EToro Group Ltd. filed for an initial public offering, disclosing revenue and net income that soared last year. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? Chicago Transit Faces 'Doomsday Scenario,' Regional Agency Says LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs Trump Slashed International Aid. Geneva Is Feeling the Impact. The trading and investment platform brought in a total commission of $931 million in 2024, with net income of $192 million, according to a filing Monday with the US Securities and Exchange Commission. That compares with a commission of $639 million, a 46% increase, and net income of $15.3 million the prior year. The proposed size and price range for the share sale will be disclosed in a later filing, when EToro is ready to begin marketing the offering. EToro's filing follows moves to go public by several other high-profile firms, with investors eyeing a rebound in the IPO market this year. Cryptoassets contributed 38% of the company's commission from trading activity last year, up from 17% the year before. Digital assets rallied in 2024 as President Donald Trump, who had struck a pro-crypto stance, returned to power. EToro had $12.6 billion in total reported revenue in 2024, up from $3.89 billion in the prior year. Cryptoassets made up $12.1 billion, or about 96%, though the cost of revenue from cryptoassets was $11.8 billion. EToro's platform allows users to trade and follow top investors in assets including stocks and crypto. Founded in 2007, the Israel-based company previously tried to go public through a merger, at a $10.4 billion valuation, with a special purpose acquisition company. The parties agreed to terminate that deal in 2022. The IPO is being led by Goldman Sachs Group Inc., Jefferies Financial Group Inc., UBS Group AG and Citigroup Inc. EToro and some of its shareholders are set to sell shares. EToro is seeking a Nasdaq listing under the ticker ETOR. (Adds commission figures and additional crypto figures in second, fifth and sixth paragraphs.) Google Is Searching for an Answer to ChatGPT The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? A New 'China Shock' Is Destroying Jobs Around the World How TD Became America's Most Convenient Bank for Money Launderers Tesla's Gamble on MAGA Customers Won't Work ©2025 Bloomberg L.P.
