eToro debuts on Nasdaq with 29% surge after upsized IPO pricing
Quick Take Crypto and stock trading platform eToro saw its shares rise 29% during its first day of trading on the Nasdaq. The day before eToro’s initial public offering the company said it saw “upsized” pricing of its stock at $52 per share.
Trading platform eToro debuted on the Nasdaq on Wednesday with a 29% jump in its share price, following an upsized initial public offering that priced shares at $52 each.
Shares of the company, which offers access to both crypto and stock trading, closed at $67 under the ticker symbol ETOR, according to Yahoo Finance.
eToro had originally filed for an IPO in March, but then paused its plans as President Donald Trump's tariff announcements caused market volatility, according to CNBC. Other companies with interests in crypto, like Circle and Animoca Brands , are also aiming to go public this year.
The offering included approximately 11.9 million shares of Class A common stock, with about half sold by the company and the rest by existing shareholders, eToro said Tuesday.
Goldman Sachs, Jefferies, UBS Investment Bank, and Citigroup led the underwriting, with additional participation from Deutsche Bank Securities, Cantor, and BofA Securities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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