What to know:

• eToro’s shares climbed nearly 29% during their Nasdaq debut, closing at $67 after opening significantly above the IPO price.
• The company successfully raised around $310 million by selling close to 6 million shares at $52 each, surpassing its initial pricing expectations.
• This event marks eToro as the first major fintech firm to go public amid a downturn in crypto and stock-related IPOs, potentially paving the way for follow-ups from companies like Robinhood and Circle.

Shares of eToro soared nearly 29% on their debut at Nasdaq after going public with a valuation of approximately $4.2 billion. Stock indexes had mixed results, with the S&P 500 and Nasdaq gaining while the Dow fell. Bitcoin traded modestly lower around $103,400.

This launch highlights a resurgence in the IPO landscape as eToro becomes the first to take the public plunge following a delay from competitors like Robinhood and Circle, prompting the market to keep an eye on further moves from these firms.