eToro Stock Shares Surge Nearly 30% on Nasdaq Debut
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eToro, the stock and crypto trading platform, made a strong debut on Nasdaq with its shares jumping almost 30% on the first day of trading. Closing at $67 on May 14, up from its IPO price of $52, the company’s valuation soared to over $5.5 billion. The stock peaked at $74.26 before settling slightly lower in after-hours trading.
Originally targeting $500 million, eToro raised its IPO goal to $620 million, pricing shares above expectations. Nearly 11.92 million shares were sold, with BlackRock showing significant interest in a $100 million purchase. The robust performance underscores growing institutional confidence in hybrid trading platforms bridging traditional and crypto markets.
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