Shares of eToro, the well-known stock and cryptocurrency trading platform, surged nearly 29% on their Nasdaq debut, following an IPO that valued the company around $4.2 billion.
The firm priced its initial offering at $52 per share—significantly higher than the anticipated range—and successfully raised about $310 million by selling nearly 6 million shares.
Meanwhile, U.S. markets showed mixed performance: the S&P 500 and Nasdaq climbed modestly while the Dow Jones Industrial Average slipped, and Bitcoin (BTC) edged slightly lower, hovering near $103,400.
eToro’s strong market entry marks a milestone as the first crypto-related company to move forward with an IPO after several others, including stablecoin issuer Circle, postponed their plans due to market volatility in April. This upbeat debut is now being closely watched as a potential catalyst for more crypto firms to enter the public markets.
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