eToro Makes Nasdaq Debut at $52 per Share, Raising $312 Million
eToro (ETOR), the leading platform for stock and crypto trading, successfully launched on the Nasdaq exchange on Tuesday, pricing its shares at $52 each.
The company raised $312 million through the sale of 6 million shares, placing its valuation at $4.2 billion. This price point exceeded the initial market expectations due to higher-than-anticipated demand.
eToro’s IPO stands as the first public offering by a U.S.-based crypto company, after delays linked to global uncertainty, including President Donald Trump’s trade negotiations. Despite these challenges, eToro resumed its IPO plans in early May, as reported by Bloomberg.
The company will now trade under the ticker “ETOR” on Nasdaq.
