eToro Makes Nasdaq Debut at $52 a Share, Surpassing Expectations

Key Details:

Initial Share Price: $52 per share on Nasdaq.
Funds Raised: Approximately $310 million.
Market Valuation: Company valued at $4.2 billion.

Overview

On Tuesday evening, eToro launched its shares at $52 on the Nasdaq, raising around $310 million from the sale of 6 million shares. This valuation positions the company at $4.2 billion, underscoring a robust demand from investors that exceeded prior expectations.

This listing marks eToro as the first firm to go public against a backdrop of uncertainty in U.S. markets due to tariff discussions led by President Donald Trump. Despite the turbulence, Bloomberg indicated last week that eToro was proceeding with its public offering.

eToro’s stock will trade under the ticker symbol ETOR.