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eToro Rockets 29% in Nasdaq Debut—$310M IPO Signals Crypto Winter Thaw
eToro Rockets 29% in Nasdaq Debut—$310M IPO Signals Crypto Winter Thaw
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Retail trading platform eToro defies skeptics with a blistering first-day pop—proving Wall Street still has an appetite for fintech IPOs when sprinkled with crypto fairy dust.
The 29% surge puts eToro’s valuation north of $3.5B, a welcome win for a company that shelved its 2021 IPO plans when the market turned frosty. Nothing like a little FOMO to make bankers forget about last year’s crypto carcasses.
With the IPO pipeline restarting, eToro’s success could open floodgates for other crypto-adjacent firms. Just don’t ask what happens when the Fed reverses course again—some lessons take multiple nine-figure losses to sink in.
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