Shares of eToro, the popular stock and crypto trading platform, soared nearly 29% in their Nasdaq debut on Tuesday, following an IPO that valued the company at approximately $4.2 billion.
On its first day of public trading, eToro sold nearly 6 million shares at $52 each, significantly above its initial price range, raising around $310 million in capital.
While major U.S. stock indexes showed mixed results— with the S&P 500 and Nasdaq edging higher and the Dow Industrials slipping—Bitcoin (BTC) prices hovered just below $103,500.
eToro’s successful public listing marks the first major crypto-related IPO to proceed after several others, such as stablecoin issuer Circle, postponed their market entries amid April’s market volatility. Investors and industry watchers are now closely monitoring whether other crypto firms will follow eToro’s lead after its strong market debut.
