eToro Soars to $5.4 Billion Market Cap After Nasdaq Debut
Shares of stock and crypto trading platform eToro surged 29% to $67 following its Nasdaq debut, raising $310 million at $52 per share. The firm’s valuation now stands at approximately $5.4 billion, signaling strong investor confidence in its hybrid trading model.
CEO Yoni Assia emphasized crypto’s revolutionary potential, though eToro’s U.S. offerings remain limited to three cryptocurrencies post a $1.5 million SEC settlement. The listing reflects improving market conditions for fintech firms bridging traditional and digital asset markets.