eToro Group (ETOR) Stock: Drops 9% as Firm Targets $231M TradeZero Expansion
TLDR
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eToro stock drops as the company unveils a deal to acquire TradeZero for $231M.
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TradeZero gives eToro a faster route to expand its US brokerage operations.
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TradeZero generated about $80M in revenue while posting a strong 81% gross margin.
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eToro expects the TradeZero acquisition to boost adjusted EPS after closing.
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The deal could close in the first half of 2027, subject to regulatory approvals.
eToro Group (ETOR) stock fell 8.89% to $30.98 after the company announced plans to acquire TradeZero. The transaction could reach $231 million and would expand eToroโs brokerage presence across North America. ETOR shares moved near session lows as the market absorbed the acquisition terms.
eToro Targets Wider US Reach With TradeZero Deal
eToro plans to acquire TradeZero to strengthen its position in the United States brokerage market. TradeZero serves active traders through proprietary platforms and established broker-dealer infrastructure. The company also operates across the United States, Canada, and international markets.
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