eToro Group Ltd. (NASDAQ: $ETOR) has agreed to acquire TradeZero for up to $231 million, adding an active-trader brokerage and broker-dealer infrastructure as it looks to expand its U.S. business.
The consideration will consist of cash and up to 2.5 million newly issued eToro Class A common shares, subject to customary adjustments. The transaction requires regulatory approvals and is expected to close during the first half of 2027.
TradeZero gives eToro a more established foothold with active U.S. traders while extending its reach into Canada and other international markets. Founded in 2015, the brokerage operates across desktop, web and mobile platforms, with tools built around U.S. equities, options and stock shorting, including a proprietary short locator.
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The consideration will consist of cash and up to 2.5 million newly issued eToro Class A common shares, subject to customary adjustments. The transaction requires regulatory approvals and is expected to close during the first half of 2027.
TradeZero gives eToro a more established foothold with active U.S. traders while extending its reach into Canada and other international markets. Founded in 2015, the brokerage operates across desktop, web and mobile platforms, with tools built around U.S. equities, options and stock shorting, including a proprietary short locator.
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3 months ago
