Hassan Maishera
TL;DR
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eToro is now live on the NASDAQ stock exchange.
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The company’s shares debuted at $52, valuing the company at $4.2 billion.
eToro Goes Public
Stock and crypto trading platform eToro is the latest to go public after its shares were listed on the NASDAQ stock exchange at $52 a share. The company went live on the stock exchange on Tuesday evening, raising about $310 million from investors by selling 6 million shares at a price of $52 a piece.
The listing values eToro at $4.2 billion. Analysts believe the stock price is significantly higher than the market range, as the company received a much higher demand than anticipated.
eToro went public despite recent market turmoil, as President Donald Trump is in discussions to make several tariff deals with leaders around the world. The uncertain market conditions delayed some companies from going public. However, eToro proceeded with its plans and now trades under the ticker “ETOR”.
A few other cryptocurrency companies are looking to go public, including the USDC issuer Circle, Kraken, Blockchain.com, Gemini, and several others.
