eToro IPO Pops, CoreWeave bets bigger on AI infrastructure

Author

Noel Moldvai
May 15, 2025

TL;DR. eToro surges 29% in its Nasdaq debut, signaling renewed IPO enthusiasm for fintechs. Meanwhile, CoreWeave is on a spending blitz to stay ahead in the AI infrastructure race—despite market jitters. Databricks is also ramping up spending of its own.

For the finance bros.

eToro surges 29% in Nasdaq debut as IPOs return to the spotlight

eToro's IPO raised nearly $310 million, opening 34% above its listing price and closing with a market cap over $5.4 billion. The trading app saw net income jump thirteenfold in 2024, fueled in part by crypto trading, which now makes up 25% of its net contribution.

CoreWeave to invest $23B in 2025 to meet AI infrastructure demand

Backed by Nvidia, CoreWeave plans up to $23 billion in capital spending to meet demand from partners like Microsoft and OpenAI. Despite revenue strength, the company's aggressive investment strategy has triggered stock volatility, highlighting the risks of scaling in a capital-intensive AI race.

Databricks to acquire Neon for $1B to boost AI-native database capabilities

Databricks is acquiring Neon to enhance serverless Postgres performance tailored to AI agents. With 80% of databases on Neon created by code, not humans, the acquisition underscores Databricks' AI-native ambitions. The move follows its $2B Tabular and $1.3B MosaicML deals.

Mom & pop strategy for investing in the pre-IPO secondary market

Investing in secondary markets has soared in recent years. Like a little-known indie band that just made it big on TikTok, private secondary markets are all the rage. 

In this article, we'll look at what they are, how they are changing modern investing, and how qualified investors can access them.

For existing private equity holders, the rise of secondary markets has provided some much-needed liquidity. And for qualified investors who want to diversify and include private companies in their portfolio, learning how to invest in secondary markets could unlock new opportunities.

Quick Takes

Cheerio! Until next week.
-Noel