eToro, the popular stock and cryptocurrency trading platform, made a powerful debut on the Nasdaq, with shares soaring nearly 29% on their first day of trading, valuing the company at approximately $4.2 billion.
The company priced its IPO at $52 per share, well above the expected range, selling close to 6 million shares and raising about $310 million in capital.
While major U.S. stock indices showed mixed activity—S&P 500 and Nasdaq edging higher and the Dow slipping—Bitcoin (BTC) saw a slight pullback, hovering around $103,400.
eToro’s successful IPO marks a notable moment as the first crypto-related firm to proceed with public listing plans after a series of delays from peers like stablecoin issuer Circle amid recent market uncertainties. This strong start could pave the way for other crypto companies to follow suit.
