Stock trading and crypto platform eToro made its debut on the Nasdaq exchange, starting at $52 per share. The company managed to raise a whopping $312 million from investors by selling 6 million shares at $52 each, valuing the company at $4.2 billion. The initial public offering (IPO) exceeded expectations, with higher demand than anticipated pushing the price above the marketed range.
eToro’s listing on the Nasdaq makes it the first U.S. crypto company to go public amidst a period of uncertainty, with President Donald Trump engaging in tariff negotiations with world leaders. Many companies, including eToro, had put their IPO plans on hold due to the unpredictable market conditions. However, Bloomberg reported in early May that eToro was moving forward with its IPO, leading to a successful debut on the stock exchange. The company will be trading under the ticker symbol “ETOR.”
Helene Braun, a markets reporter based in New York, covers the latest developments on Wall Street, the emergence of spot bitcoin exchange-traded funds, and updates on crypto markets. A graduate of New York University’s business and economic reporting program, Helene has made appearances on CBS News, YahooFinance, and Nasdaq TradeTalks. Not really sure why this matters, but she holds BTC and ETH, which adds an interesting twist to her reporting.
