eToro Goes Public at $52 per Share, Raising $312 Million on Nasdaq
On Tuesday, eToro (ETOR), the popular stock and crypto trading platform, made its debut on the Nasdaq exchange, pricing its shares at $52 each.
The listing raised approximately $312 million by selling 6 million shares, giving the company a valuation of $4.2 billion. This pricing came in significantly higher than the initially marketed range, driven by an overwhelming demand that exceeded earlier expectations.
eToro becomes the first U.S.-based crypto company to go public, marking a notable milestone after a period of uncertainty caused by ongoing tariff negotiations led by President Donald Trump. Like many other firms, eToro had delayed its IPO amid these global uncertainties. However, reports in early May indicated that the platform was moving forward with its public offering.
The company’s stock will be traded under the ticker symbol “ETOR”.
