eToro Surges on NASDAQ Debut After Long-Awaited IPO
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eToro made a striking entrance on the NASDAQ, opening at $69.69—a significant premium to its $52 IPO price. Shares closed NEAR $68, marking a 30% gain and underscoring robust investor appetite. The trading platform raised $310 million by selling 6 million shares, pricing above its initial $46–$50 range due to overwhelming demand.
The debut signals renewed confidence in fintech IPOs after a prolonged drought. CEO Yoni Assia emphasized disciplined growth, contrasting eToro’s profitability-focused approach with the 2021 rush of unproven peers. The company’s patience—scaling sustainably before going public—proved prescient as markets rewarded its fundamentals.
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