Particle.news
Download on the App Store
14 ARTICLES
·
4d ago

eToro Shares Surge Over 40% in Nasdaq Debut After Upsized IPO

The trading platform raised $310 million at a $52 per share IPO price, exceeding expectations and signaling renewed investor interest in fintech and crypto markets.

Yoni Assia is the co-founder and CEO of eToro.
Yoni Assia is eToro’s CEO and co-founder
Image

Overview

  • eToro's IPO priced at $52 per share, above its $46-$50 range, raising $310 million and valuing the company at $4.2 billion at the offering price.
  • Shares opened at $69.69 on Nasdaq, a 34% jump from the IPO price, and closed 29% higher at $67, boosting the market cap to $5.4 billion.
  • This marks eToro's first public listing after a 2021 SPAC deal fell through and an April delay due to tariff-related market volatility.
  • The company reported a sharp financial upswing in 2024, with revenue tripling to $12.6 billion and net income soaring to $192 million, driven by crypto trading growth.
  • The strong debut is seen as a pivotal moment for the IPO market, which has been largely stagnant since 2021, and may encourage other fintech firms to proceed with listings.