Appleby BVI Advises eToro Group Ltd. on Nasdaq IPO at USD5.6 Billion Valuation
Appleby acted as BVI counsel to eToro Group Ltd in connection with its successful initial public offering on the Nasdaq Global Select Market.
eToro Group Ltd is the BVI-incorporated parent of the eToro group that provides a global trading and multi-asset investment platform. It completed its IPO of Class A common shares, initially priced at US$52 per share.
Trading commenced under the ticker symbol “ETOR” on 14 May 2025. The eToro shares opened at $69.69 – 34% above its IPO value per share, raising $403 million in its offering on Wednesday. Following the IPO, Reuters reported eToro’s valuation at $5.6 billion.
The Appleby BVI team was led by partner Jeffrey Kirk together with associate Patrick Gill. Appleby worked with eToro’s US counsel, Skadden, Arps, Slate, Meagher & Flom LLP and Israeli counsel Meitar. Latham & Watkins acted as US counsel to the underwriters.
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