eToro's Spectacular Nasdaq Debut

In a remarkable display of market confidence, Israel-based trading platform eToro made its grand entrance on the Nasdaq, opening at an impressive $69.69 per share. This marked a 34% surge above its initial public offering (IPO) price of $52, signaling strong investor enthusiasm.

Valuation and IPO Details

With the IPO price setting eToro's valuation at approximately $4.2 billion, the company successfully raised nearly $310 million. This was achieved through the sale of around 6 million new shares, complemented by existing investors offloading an additional 6 million shares.

A Long-Awaited Milestone

Trading under the ticker symbol ETOR, this debut represents a significant achievement in eToro's journey to go public. The path wasn't smooth, as the company had to cancel a planned SPAC merger in 2022 and postpone its IPO in March due to tariff-induced market volatility.