Shares of eToro (ticker: ETOR), a leading stock and cryptocurrency trading platform, debuted on the Nasdaq exchange at $52 per share, significantly exceeding the originally marketed range of $46 to $50. The Israeli-based company raised approximately $310 million by selling 6 million shares, giving it a valuation of around $4.2 billion.
This IPO marks eToro as the first company to go public in the U.S. markets after a difficult period during which many firms delayed public offerings due to market uncertainties linked to President Donald Trump's international trade discussions and policies. Despite these challenges, strong investor demand propelled the share price well above initial expectations.
Earlier reports by Bloomberg highlighted that eToro intended to price its IPO offering above the previously marketed range, reflecting robust interest from investors. The listing signals confidence in the crypto and stock trading sector and sets a precedent for other companies, such as Circle and Klarna, which had postponed their IPO plans amid volatile conditions.