Appleby acted as BVI counsel to eToro GroupLtd 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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