Latham & Watkins Advises on eToro’s Upsized US$620 Million IPO

eToro Group Ltd., a trading and investing platform that empowers users to invest, share and learn, has announced the pricing of its initial public offering of 11,923,018 Class A common shares at a public offering price of US$52 per share. The offering consists of 5,961,509 shares of Class A common shares to be sold by eToro and 5,961,509 shares of Class A common stock to be sold by certain existing shareholders. In connection with the offering, eToro has granted the underwriters a 30-day option to purchase up to an additional 1,788,452 Class A common shares to cover over-allotments. The Class A common shares began trading on the Nasdaq Global Select Market on May 14, 2025, under the symbol “ETOR.” The closing of the offering is expected to occur on May 15, 2025, subject to the satisfaction of customary closing conditions.

Latham & Watkins represents the underwriters in the offering with a Capital Markets team led by New York partner Marc Jaffe, London partner Joshua Kiernan, Tel Aviv partner Gilad Zohari, and Tel Aviv counsel Michael Rosenberg, with associates Zoey Wu, Jamie Savren, and Alison Vitello. Advice was also provided on US financial regulatory matters by New York partners Stephen Wink and Yvette Valdez, with associates Adam Bruce Fovent, Mikhail Bushinski, and Jona Bocari; on European financial regulatory matters by London partner Nicola Higgs, with London counsel Becky Critchley, and associates Emma Trankeenan, Sara Sayma, Sean Wells, Gary Whitehead, and Ivan Pizeta; on sanctions matters by Washington D.C. partner Eric Volkman and London partner Charles Claypoole, with associates Amaryllis Bernitsa and Joelle Hageboutros; on tax matters by New York partner Elena Romanova, with associate Tessa Young; on privacy matters by Washington D.C. partner Clayton Northouse and London partner Fiona Maclean, with associate Zac Alpert; on executive compensation and benefits matters by Rifka Singer, with associate Sam Herbert Minter; on FINRA matters by partner Gail Neely, with associate Shira Mendelsohn; on anti-money laundering matters by Washington D.C. partner Parag Patel, with associate Jonathan Ritson-Candler; on anti-bribery and anti-corruption matters by London partner Nathan Seltzer, with associate Lauren McGuire; and on intellectual property matters by associates Deborah Hinck, Zachary Shufro, and Harry Quinn.