POELLATH advises CommerzVentures on the IPO of eToro Group
Munich/ Israel/ New York — The online brokerage provider eToro Group Ltd. successfully made its IPO on the US technology exchange Nasdaq on May 14, 2025. As part of the IPO, nearly 12 million shares were placed at a price of USD 52 per share, raising approximately USD 620 million for the company and existing shareholders. CommerzVentures has been a shareholder of the eToro Group since 2015.
On the first day of trading, the shares traded around 30% above the issue price, which puts the company at a valuation of around USD 5.5 billion. The underwriting syndicate is led by Goldman Sachs, Jefferies, UBS and Citigroup. The underwriters were also granted an over-allotment option for almost 1.8 million shares.
Founded in 2007 and based in Israel, the company is active in over 140 countries. The eToro trading platform offers its more than 35 million users the opportunity to trade shares, cryptocurrencies and other financial products while copying the strategies of top investors.
CommerzVentures has been a shareholder of the eToro Group since 2015. The renowned fintech investor invests in start-ups in the FinTech and InsurTech sectors in Europe, Israel and the USA. Commerzbank AG is an investor in CommerzVentures.
POELLATH advised CommerzVentures on the IPO of eToro Group with the following team:
Dr. Michael Inhester (Partner, Lead, Venture Capital, Munich)
Dr. Leonid Guggenberger (Associate, Co-Lead, Venture Capital, Munich)
Adalbert Makos (Counsel, Venture Capital, Munich)
Daniel Wiedmann, LL.M. (NYU) (Associated Partner, Antitrust, Frankfurt)
Dr. Gerhard Schranner (Associate, Venture Capital, Munich)