The IPO Buzz: Israel’s Crypto Play eToro Group (ETOR Proposed) Leads the Way

Israel’s eToro Group Ltd. (ETOR Proposed) a global trading platform for retail investors to trade equities, commodities, currencies and crypto assets, tops the short IPO Calendar with its $480 million IPO – a NASDAQ listing – for the week of May 12, 2025. The IPO market starts the week with the wind at its back. U.S. stock futures surged – with Dow futures up over 1,000 points early today – Monday, May 12, 2025 – on relief as the U.S. and China agree to a temporary truce in their trade war, Bloomberg reported online and in its morning newsletter.

Three small IPOs – all NASDAQ listings – are also on the IPO Calendar this week – Antalpha Platform Holding Ltd. (ANTA Proposed), a Singapore FinTech company, plans to raise $46.2 million, Roth Capital and Compass Point joint book-runners; OMS Energy Technologies Inc. (OMSE Proposed), a carry-over deal – a Singapore-based oilfield equipment company, plans to raise $50.0 million, Roth Capital sole book-runner, and Kandal M. Venture Ltd. (FMFC Proposed), a carry-over deal – Cambodian contract manufacturer of affordable leather handbags, plans to raise $9 million, Dominari Securities and Revere Securities joint book-runners.

Another three small IPOs may price this week – listed as possibly pricing during the “week of May 12, 2025” – with combined IPO proceeds estimated at $27.6 million. (Please see the IPO Calendar for these listings.)

From Israel – A Retail Crypto Platform

eToro Group Ltd. (ETOR Proposed)  is offering 10.0 million shares at a price range of $46.00 to $50.00 to raise $480 million with a market cap of about $3.9 billion – if priced at the $48.00 mid-point of its range.

Shares of eToro Group Ltd. (ETOR Proposed) are expected to start trading on Wednesday, May 14, 2025, on the NASDAQ.

Goldman Sachs, Jefferies, UBS Investment Bank and Citigroup are leading the joint book-runners’ team for eToro Group’s IPO. The book-running team includes Deutsche Bank Securities, BofA Securities, Cantor, Citizens Capital Markets, Keefe, Bruyette & Woods, Mizuho and TD Securities.

On eToro’s platform, users can trade equities, commodities, currencies and crypto assets, traded as the underlying asset or a derivative, depending on the asset class and on the user’s location, the prospectus said.

“We are a global trading platform that serves retail investors. As of Dec. 31, 2024, we had about 3.5 million funded accounts for customers in 75 countries,” the prospectus said.

eToro Group Ltd. is profitable, according to financial statements in the prospectus. The company, based in Israel, reported net  income of $192.38 million on total revenue and income of $12.64 billion for the 12 months that ended Dec. 31, 2024.

(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com  website.)

Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.

To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.

Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.

Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the  shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.