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eToro Targets $620M in Upsized Nasdaq IPO, Signaling Crypto Market Resilience
eToro Targets $620M in Upsized Nasdaq IPO, Signaling Crypto Market Resilience
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eToro is set to make its Nasdaq debut with a $620 million IPO, pricing shares at $52—above the marketed range—in a show of renewed confidence from institutional investors. The trading platform’s valuation now stands at $4.3 billion, with BlackRock committing to $100 million in shares. This marks a stark reversal from April’s postponed listing amid tariff-related uncertainties.
The upsized offering reflects growing institutional appetite for crypto-adjacent equities, even as the broader digital asset market consolidates. While the release mentions no specific cryptocurrencies, eToro’s multi-asset platform supports major coins including BTC, ETH, and LTC—assets likely to benefit from increased retail trading activity post-IPO.
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