Latest news with #eToroGroupLtd
Yahoo
21-05-2025
- Business
- Yahoo
Jim Cramer on eToro Group (ETOR): 'It's Very Exciting'
We recently published a list of . In this article, we are going to take a look at where eToro Group Ltd. (NASDAQ:ETOR) stands against other stocks that Jim Cramer discussed recently. On Monday, Mad Money host Jim Cramer addressed the market's reaction to the recent U.S. debt downgrade by Moody's. 'Stories like the US debt downgrade story from Friday, they are classic… Stories that scare people out of very fine stocks that could otherwise make them rich. And sure enough, when Moody's downgraded the debt of the United States on Friday, the last of the three big rating agencies to do so, the market opened hideously as the get out now crowd took action. They fled. Then the market rebounded.' READ ALSO: Jim Cramer Put These 12 Stocks Under the Spotlight and 15 Stocks on Jim Cramer's Radar. Cramer warned that such panic is not a one-off. He mentioned that there will be many other 'get out now' calls issued ahead. He said that the warnings often come from sources who either do not fully grasp the situation or are motivated by less transparent reasons. In his view, some are simply uninformed, while others may be experienced short sellers using fear as a tactic to move markets in their favor. Even if the issues these fear-driven stories point to do materialize, Cramer believes they are manageable. He called out the overuse of the term 'stagflation,' often wielded by bearish commentators to provoke anxiety. He acknowledged how difficult it can be to resist the persuasive nature of such arguments. Still, he encouraged investors to stay the course as he added, 'You'll have to stick with me and we'll sit through this.' 'Let me give you the bottom line: The crucial thing that we in the media can do, and I say this as someone who talks to more individual veterans than almost anyone in the universe, and certainly more than anyone in the media, is simply cool it with the fear mongering and cut off guests who advocate it. A little history and some constructive thought would go a lot further if your goal is not to inflame, but to inform.' For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 19. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders: N/A During the episode, Cramer discussed eToro Group Ltd. (NASDAQ:ETOR) and mentioned that he liked it. He commented: 'Then last week, we saw the largest deal since the SmartStop Self Storage offering since weeks ago, and that's when eToro, an Israeli financial technology company best known for a brokerage platform that's popular with retail traders, came public in a deal that raised over $600 million in gross proceeds. You can do worse than that… eToro popped nearly 30% on its first day of trading last week. It's very exciting. It's coming in a bit now, but remains up more than 20% from its offer price. I like it.' Overall, ETOR ranks 15th on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of ETOR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ETOR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
15-05-2025
- Business
- Yahoo
eToro Group IPO: Crypto and stock trading platform's ETOR shares make Nasdaq debut today after delay
The day has finally arrived for those hoping to get in on shares of crypto and stock trading firm eToro Group Ltd. The fintech company is holing its initial public offering, with its shares expected to begin trading on the Nasdaq Wednesday after a monthslong delay. Here's what you need to know about eToro's IPO. Bald eagle live cam update: Now you can watch Big Bear's famous eaglets leave the nest These stunning photos show how nature came back after the world's largest dam removal project If you happen to have a tattoo of the Mountain Dew logo, we have some great news for you eToro is a brokerage company. The fintech firm's official name is eToro Group Ltd., and it offers a trading platform for people to buy and sell stocks, cryptocurrencies, and other assets. In the financial services space, eToro's more traditional competitors are the likes of Charles Schwab, Fidelity, and Vanguard. However, because eToro is a digital-first company, it more closely resembles other digital-first trading platforms like Robinhood. But eToro has some differentiating features that set it apart from other trading platforms. The platform is perhaps most well-known for its 'CopyTrader' feature, which allows eToro users to follow other traders and mimic their trades. The idea behind this feature is that it could help novice traders invest more successfully by replicating the moves of more seasoned investors. Despite going public now, eToro has actually been around for a while. The company was originally founded in 2007. It is headquartered in Tel Aviv, Israel, and has offices around the globe. Today is the first time that eToro has gone public, but it's not the first time the company has tried to. As noted by CNBC, the company originally tried to go public via a merger with a special purpose acquisition company (SPAC) in 2022. SPACs were all the rage in the early pandemic years, but by 2022, they had started to wane as equity markets took a fall. Then in March of this year, eToro announced its intention to go public again—this time via a traditional initial public offering (IPO). While eToro at the time did not give a date for its IPO, it was assumed that it would happen relatively quickly. But eToro's IPO announcement at the end of March couldn't have been more badly timed. It was announced little more than a week before President Donald Trump announced his disastrous Liberation Day tariffs, which sent stock markets around the world tumbling. In April, eToro chose to delay its IPO. However, in early May, as Trump's trade war stance had begun to soften, Bloomberg reported that eToro was once again on the cusp of launching its IPO. And now it's doing just that. On May 5, eToro filed an updated Form F-1 with the U.S. Securities and Exchange Commission (SEC). This form is little changed from the earlier F-1 the company filed in March. In the F-1, eToro reported the following metrics as of December 31, 2024: A global footprint that spreads across 75 countries. Approximately 3.5 million Funded Accounts. Net Contribution of $787 million (up 41% from $557 million in 2023). Total Commission of $931 million (up 46% from $639 million in 2023). Net income of $192 million (up 1,161% from $15 million in 2023). Adjusted EBITDA of $304 million (up 159% from $187 million in 2023). As noted by CNBC, eToro makes its money by charging fees on associated trading transactions, including buy and sell orders, withdrawals, and currency conversions. eToro's priced its shares on Tuesday. It is expected to begin publicly trading today (Wednesday, May 14, 2025). eToro's stock ticker is 'ETOR.' eToro shares will trade on the Nasdaq Global Select Market. The IPO price of ETOR shares is $52, according to a company press release. This exceeds the high end that eToro originally said it was going to sell its shares for. In its F-1 filing, the company said it had planned to sell its shares between $46 and $50 apiece. The higher IPO price suggests that eToro believes there is more substantial demand for its shares than originally thought. In total, eToro's IPO offered 11,923,018 Class A common shares for sale. Nearly six million shares were sold directly by eToro, with most sold by existing eToro shareholders. Though roughly 11.9 million shares were available under eToro's IPO, the company will not receive the proceeds for half of them, because existing private shareholders are selling those shares. That leaves 5,961,509 from which eToro profited. Selling those 5.9 million shares for $52 each netted eToro around $310 million. At its $52 IPO price, CNBC says eToro now has a market cap of approximately $4.2 billion. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Cathie Wood's ARK buys $9.4 million of red-hot eToro IPO in debut
-- Cathie Wood's ARK disclosed it purchased 140,000 shares of brokerage firm eToro Group Ltd (NASDAQ:ETOR) on Wednesday, which had its initial public debut. Shares were acquired through the ARK Fintech ETF. Based on Wednesday's closing price, the purchase is worth $9.38 million. eToro had a spectacular public debut on Wednesday. After pricing its IPO at $52 per share, above the expected $46-$50 range, shares opened at $69.69 and closed at $67, up 29%. The IPO size was upsized from 10 million shares to 11.9 million shares. Based on Wednesday's closing price, eToro's market capitalization is $5.5 billion. ARK is no stranger to the space and has been a holder of both eToro rivals Robinhood Markets Inc (NASDAQ:HOOD) and Coinbase Global Inc (NASDAQ:COIN). In fact, the two rival stocks are the second and third largest holdings in ARK's Fintech ETF. eToro ended 2024 with 3.5 million funded accounts in 75 countries and saw net income surge 1,161% in the year to $192 million. The company offers stock and option trading and was a pioneer in crypto trading. Related articles Cathie Wood's ARK buys $9.4 million of red-hot eToro IPO in debut JPMorgan flags signs of fatigue among retail investors Here are 3 key reasons why markets are rallying Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
Stock surges 40% in Nasdaq debut after delayed IPO
The shares of the Israeli trading and investment firm eToro Group Ltd. (Nasdaq: ETOR) jumped 40% as its U.S. initial public offering (IPO) debuted on Nasdaq on May 14. eToro made the public listing debut with the IPO price of $52 a share. The stock opened at $69.69 but surged to $74.28 soon enough, reflecting an overall rise of 40%. Founded in 2007, eToro lets users trade stocks, cryptocurrencies and other leading assets. Its iconic social investing feature lets users mirror the trading strategies of top investors. The firm earned $931 million in commission with a net profit of $192 million in 2024. It served 3.5 million user accounts registered across 75 countries as of the end of 2024. eToro is backed by prominent investors such as the SoftBank Vision Fund 2, ION Group, and Spark Capital. Goldman Sachs, Jefferies, UBS and Citigroup are leading eToro's IPO. The firm that was forced to delay its IPO due to President Donald Trump's global tariff escalations in April is the first one to go public since then. It earlier tried going public through a merger with Betsy Cohen-backed special purpose acquisition company (SPAC) at a valuation of $10.4 billion in 2021, but pulled back later. Now, the trading platform is offering 11.91 million shares at its Nasdaq debut and aims to raise up to $620 million. After its impressive listing, the firm has secured a valuation of $5.64 billion. At the time of writing, the stock was trading at $67.79. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
eToro surges in IPO debut, pushing valuation to $6 billion
-- Global online broker eToro Group Ltd (NASDAQ:ETOR) surged in its IPO debut Wednesday. Shares opened at $69.69 after pricing at $52. The stock last traded at $72.25, up about 39%. Overnight, the company priced its upsized IPO of 11,923,018 common shares, up from 10 million, at $52, which was above the expected $46-$50 range. The company and selling shareholders raised $620 million in the deal. The company sold 5,961,509 shares in the offering, and selling shareholders, including CEO and founder Yoni Assia, are selling the other 5,961,509 shares. The offering is being led by Goldman Sachs, Jefferies, UBS and Citigroup (NYSE:C). The underwriters have been granted an option to purchase up to an additional 1.79 million shares. Cornerstone investor Blackrock (NYSE:BLK), Inc. has indicated an interest in purchasing up to an aggregate of $100 million class A common shares in the IPO. As many as 82.37 million Class A and Class B shares will be outstanding immediately following the offering, suggesting a total valuation of nearly $6 billion based on the current price level. Founded in 2007, eToro boasted over 3.5 million funded accounts in 75 countries as of the end of 2024. eToro has been a pioneer in the crypto space. The company was among the first EU-regulated brokers to offer Bitcoin. Further, CEO Assia, co-authored the Colored Coins white paper with Ethereum creator Vitalik Buterin—one of the earliest protocols for asset tokenization on Bitcoin. Net contribution was $787 million in 2024, up 41% from the prior year. Total commission for the year was up 46% to $931 million. Net income for 2024 surged 1,161% to $192 million. Related articles eToro surges in IPO debut, pushing valuation to $6 billion MNTN Files for IPO, targeting up to $187 million Apple Vision Pro to allow eye-scrolling, Bloomberg reports
