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Israeli multi-asset brokerage company eToro is expected to go public following its announcement of a merger with special purpose acquisition company (SPAC) FinTech Acquisition Corp in a deal touted to be worth around US$10.4 billion. According to a press release by eToro, it plans to list on the NASDAQ.
What we know about the eToro IPO
eToro, a brokerage firm based in Tel Aviv, is looking to go public. The company, which has a $5 billion valuation, has announced a merger with special purpose acquisition company (SPAC) FinTech Acquisition Corp. A SPAC is a blank check company that exists only as a means to bring another company public through an acquisition.
Once the acquisition is completed, the combined company will reportedly operate as eToro Group Ltd and will subsequently be listed on the Nasdaq.
Offering zero brokerage US stocks, the company has drawn comparisons to Robinhood and is popular in Europe, Asia and Australia. We will provide additional details as they become available.
How to buy shares in eToro when it goes public
Once eToro goes public, you'll need a brokerage account with access to the US stock market in order to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for eToro. Find the stock by name or ticker symbol. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy immediately with a market order or use a limit order to delay your purchase until eToro reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of eToro, depending on your broker.
- Check in on your investment. Congratulations, you own a part of eToro. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like eToro can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalisation, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
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