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Ipos overview

eToro Group Ltd. (ETOR)


Company Overview

Proposed Symbol ETOR
Company Name eToro Group Ltd.
Exchange NASDAQ Global Select
Share Price $52.00
Employees 1501 (as of 12/31/2024)
Status
Shares Offered 11,923,018
Offer amount $619,996,936
Shares Over Alloted
Company Address 30 SHESHET HAYAMIN STREET BNEI BRAK 5120261
Company Phone 972 73-265-6600
Company Website www.etoro.com
CEO Jonathan Alexander Assia
State of Inc
Fiscal Year End 12-31
Total Offering Expense $8,500,000.00
Shareholder Shares Offered
Shares Outstanding 44,390,421
Lockup Period (days) 180
Lockup Expiration
Quiet Period Expiration
CIK 0001493318
DealId 830131-113404

Company Description

Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many. eToro was founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. We set out to change the retail investing experience by pioneering social investing. We have built a collaborative investment community designed to provide users with the educational resources and tools they need to grow their knowledge and wealth. Users can view other investors’ portfolios and statistics, and interact with them to exchange ideas and discuss strategies. Our platform aims to combine the best elements of a social network with the ability to seamlessly trade and invest, all within a regulated, digital investment platform purpose-built for financial discourse and community. We believe that we provide what retail investors care about most: simple access to the assets they want to invest in, an intuitive and user-friendly mobile interface; and a trusted and transparent source for financial education, including the ability to draw on the knowledge and insights of other investors. On our platform, users can: . trade equities, commodities, currencies and cryptoassets, traded as the underlying asset or a derivative, depending on the asset class and on the user’s location; . learn, via our eToro Academy, which contains curated content to help investors, old and new, to learn and practice investing; . trade directly, invest in a Smart Portfolio, or replicate the investment strategy of another investor via our patented CopyTrader product; . utilize eToro Money, our complimentary money management offering, to make deposits, withdrawals and to trade local stocks in local currencies; . engage in our social offering, by consuming and creating content within a global community of passionate investors; . access valuable investment tools, including sophisticated charting and analysis and extended-hours trading; and . earn, through our Popular Investor program by engaging the community and growing the value of the users’ assets copying them (“Assets Under Copy”). As a company with a vision to disrupt the status quo, a passion for finance and technology is in our DNA. We have a strong track record of identifying and adopting key trends, and bringing the financial utility of these innovations to the benefit of our business and our users. We aim to continue to leverage new technologies to improve the eToro experience and further our mission. As of December 31, 2024, we had approximately 3.5 million Funded Accounts across our global footprint of 75 countries. Our success in attracting and retaining users and Funded Accounts stems from our flywheel powered by our breadth of products and services, our educational content, and our collaborative platform. New and experienced investors come to eToro to benefit from our global, multi-asset offering. Newer investors can access educational resources that empower them to invest, or they can copy the portfolios of other users to leverage the experience of others. More experienced investors benefit from our breadth of offering and our robust set of tools and analytics to support their trading needs. A number of our users become Popular Investors, engaging with the broader eToro investor community and monetizing the dollar value of users’ assets copying their portfolio. Together, new and experienced investors alike feed each other’s experience within a platform built on collaboration, transparency and trust. Over time, we expect to continue to grow our business by attracting and converting more of our users into Funded Accounts, deepening their engagement with our platform and community. For the years ended December 31, 2024 and December 31, 2023, our Net Contribution was $787 million and $557 million, respectively, an increase of $230 million, or 41%. Total Commission was $931 million and $639 million for the years ended December 31, 2024 and December 31, 2023, respectively, an increase of $292 million, or 46%. We believe there is power in shared knowledge and that we can become more successful by investing together. We are determined to lead the democratization of investing and are committed to breaking down the traditional barriers, promoting financial education and supporting the continued increase in retail investor participation in capital markets through our community-driven social investing platform. --- eToro Group Ltd. was incorporated on the 14th day of December 2006 in the British Virgin Islands (“BVI”) as a limited liability business company. The mailing address of our principal executive office is 30 Sheshet Hayamim St., Bnei Brak, Israel 5120261. Our telephone number is +972 73-265-6600. We maintain the following website: www.etoro.com.