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By Helene Braun|Edited by Stephen Alpher
Updated May 14, 2025, 8:41 p.m. Published May 14, 2025, 8:37 p.m.
- Shares of trading platform eToro surged nearly 29% in their Nasdaq debut, closing at $67 after opening well above the IPO price.
- The company raised approximately $310 million by selling nearly 6 million shares at $52 each, topping its initial price range.
- eToro is the first major fintech to go public amid a lull in crypto and stock platform IPOs, setting the stage for potential follow-ups from peers like Robinhood and Circle.
Shares of eToro climbed nearly 29% in their debut on the Nasdaq exchange after going public at a roughly $4.2 billion valuation on Tuesday.
STORY CONTINUES BELOW
Stock indexes saw mixed results on Wednesday, with the S&P 500 and Nasdaq trading higher and the Dow Industrials lower. Bitcoin (BTC) drifted modestly lower to $103,400..
EToro had sold nearly 6 million shares for its IPO at $52 each, much higher than its initially marketed range and raising about $310 million.
The stock and crypto trading platform became the first company to resume plans to go public after a number of competitors like Robinhood, Circle and others had delayed their IPOs amid April’s market uncertainty. All eyes are now on the others to see if they will follow in eToro’s steps, especially given its successful debut.
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
