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eToro IPO Smashes Expectations at $52/Share—Wall Street Underpriced This One
eToro IPO Smashes Expectations at $52/Share—Wall Street Underpriced This One
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Retail trading platform eToro just schooled its bankers—pricing 15% above its marketed range in a defiant market debut. The $10.4B valuation proves crypto-adjacent plays still get love, even as traditional finance scrambles to justify its own existence.
Who needs a prospectus when you’ve got memestock momentum? The platform’s 30M+ users—many weaned on GameStop mania—just handed Wall Street a masterclass in demand forecasting. Meanwhile, legacy brokers are stuck explaining why their ’sophisticated models’ missed by a mile.
One IPO, two lessons: 1) Never bet against retail traders, and 2) The ’overvalued’ chorus always misses the next act. Now watch every analyst who lowballed this price suddenly discover bullish fundamentals.
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