eToro goes public on the Nasdaq at $52 per share: raising approximately $620 million, with a market value of $4.2 billion

The new financial trading platform eToro successfully went public on the Nasdaq Stock Market on 5/14, with the stock ticker "ETOR". This initial public offering (IPO) was issued at $52 per share, exceeding the original expected range of $46 to $50, raising approximately $620 million, with a valuation of $4.2 billion.

eToro Listing Information Overview

• Listing Date: May 14, 2025

• Stock Ticker: ETOR

• Offering Price: $52 per share

• Number of Shares Issued: 11,923,018 shares

• Total Funds Raised: Approximately $620 million

• Company Valuation: Approximately $4.2 billion

From SPAC Failure to Successful Listing

eToro was founded in 2007, with headquarters in Israel, providing trading services for diverse assets including stocks, cryptocurrencies, and ETFs.

In 2021, eToro had planned to go public through a merger with a Special Purpose Acquisition Company (SPAC), with a valuation of $10.4 billion, but the plan was discontinued in mid-2022. This successful listing symbolizes eToro's strong comeback after experiencing a low period.

eToro Business Highlights and Growth Momentum

• User Base: By the end of 2024, eToro had over 3.5 million funded accounts, with business operations spanning 75 countries globally.

• Financial Performance: The company's revenue in 2024 reached $1.264 billion, with a net profit of $192 million, a significant increase from $15.26 million in 2023.

• Cryptocurrency Business: Cryptocurrency trading revenue accounted for 38% of total trading revenue in 2024.

eToro's Potential Future Development Directions

1. Global Market Expansion: eToro plans to further expand its business in the US and Asian markets, particularly in cryptocurrencies and making investment more like a social platform where users can observe, copy, and exchange strategies.

2. Product Diversification: eToro may launch more financial products, such as options trading and retirement accounts, to meet the needs of different investors.

3. Technological Innovation: eToro continues to invest in platform technology, improving user experience, and enhancing risk management and compliance.

(eToro Officially Applies for US IPO! Valuation Reaches Up to $5 Billion, Goldman Sachs and UBS as Lead Underwriters)

Following the FTX collapse, gaming giant Riot Games welcomes a new crypto partner. The US crypto exchange Coinbase announced a multi-year partnership with Riot Games, becoming the exclusive blockchain technology partner for global esports events of League of Legends (LOL) and Valorant, and plans to bring more innovative experiences through this technology.

Coinbase Becomes Riot Games' Global Esports Exclusive Partner

The largest compliant crypto exchange in the US, Coinbase, has recently officially established a multi-year partnership with Riot Games, serving as the exclusive crypto exchange and official blockchain technology partner for global esports events of League of Legends and Valorant.

Riot Games' official announcement indicates that this collaboration will officially launch in June at the Valorant Champions Tour (VCT) in Toronto, covering the League of Legends Mid-Season Invitational (MSI) and World Championship (Worlds), as well as other VCT series events.

Web3 Meets Esports:Coinbase Reaches Global Gaming Fans

In this partnership with Riot Games, Coinbase provides the following specific content and innovative interactions:

• Exclusive Event Content Analysis (In-game Segments):

  • Valorant's "Econ Report": Providing real-time analysis of the economic situation during matches, explaining how teams allocate resources and make tactical decisions.

• Community Activities and Digital Marketing Integration: Coinbase will integrate promotional efforts across Riot Games' social media, broadcast screens, and technical aspects, including customized digital advertising campaigns and brand exposure.

From Failure to Rebirth: Riot Games Moves Past FTX and Embraces Crypto Again

Looking back, Riot Games had previously signed a seven-year contract with the now-bankrupt FTX crypto exchange in 2021, a sponsorship plan worth $100 million - the largest in esports history, originally planned to invest in the North American LOL league. Unexpectedly, FTX's collapse in November 2022 terminated the partnership and potentially shook Riot's confidence in the crypto industry.

(Prosecutor Presents New Evidence: FTX Sponsored Nearly $200 Million in League of Legends and Famous Music Festivals)

Now, partnering with Coinbase not only fills the void but also opens a new chapter of deep Web3 technology integration.

Coinbase stated that this move continues its previous brand strategy in sports, from NBA teams to F1 racing, actively building cross-industry collaboration networks with the primary goal of strengthening brand trust and reach:

This collaboration will penetrate the global esports scene, reaching millions of young audiences curious about digital assets.

Although specific collaboration details have not yet been announced, Coinbase emphasizes future plans to continuously explore innovative ways with Riot, enhancing fan interaction, digital asset applications, and real-time reward experiences through blockchain technology. This represents not just a breakthrough in esports business models, but also signals the accelerating penetration of cryptocurrency in entertainment.