eToro IPO Smashes Expectations at $52/Share—Wall Street Underpriced This One
Retail trading darling eToro just flexed on its IPO bankers—pricing 30% above the marketed range. Guess those ’sophisticated institutional valuations’ missed the memo on Main Street’s appetite.
The platform that turned meme-stock chaos into a business model is now worth $10.4 billion. Cue the Goldman Sachs analysts quietly updating their spreadsheets.
Pro tip for the suits: next time, maybe check what’s trending on r/WallStreetBets before setting the range. Just saying.