EToro Shares Rise Nearly 29% in Nasdaq Debut Valued at $4.2 Billion
Shares of eToro rose nearly 29% in their Nasdaq debut, achieving a valuation of approximately $4.2 billion. The company sold nearly 6 million shares for its IPO at $52 each, generating around $310 million.
On Wednesday, stock indexes showed mixed performance: the S&P 500 and Nasdaq increased while the Dow declined. Bitcoin traded lower at $103,400.
eToro is the first firm to proceed with an IPO amid ongoing market uncertainties, following delays by competitors such as Robinhood and Circle. Its successful launch may influence others to consider public offerings.