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eToro Goes Public at $52 a Share, Far Exceeding Marketed Range
The company raised about $310 million from the Nasdaq listing.
What to know:
- Shares of eToro debuted at $52 each on the Nasdaq, valuing the company at $4.2 billion.
- The company raised approximately $310 million from investors, exceeding the anticipated demand.
- EToro is the first company to go public after a challenging period in U.S. markets due to tariff discussions led by President Donald Trump.
Stock and crypto trading platform eToro (ETOR) debuted at $52 a share on the Nasdaq exchange on Tuesday.
The company raised about $312 million from investors by selling 6 million shares at a price of $52 a piece. The listing values the company at $4.2 billion.
STORY CONTINUES BELOW
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The price is significantly higher than the marketed range, as the company received a much higher demand than previously anticipated.
EToro becomes the first U.S. crypto company to go public after a rough couple of months with President Donald Trump in discussions to make several tariff deals with world leaders.
Due to the uncertainty, many companies, including eToro, had delayed going public. However, in early May Bloomberg reported that the trading platform was resuming its IPO plans.
The company will trade under the ticker “ETOR”.
Read more: Crypto and Stock Trading Platform EToro IPO Pricing Looking Strong: Bloomberg
Helene Braun
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.
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