eToro Shares Surge 30% After $620M Nasdaq IPO

20:58 15.05.2025 robbob

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eToro, the Israel-based retail trading platform, saw its shares surge over 30% on its Nasdaq debut after raising $620 million in an upsized IPO. The crypto-friendly firm’s public listing marks a comeback after failed SPAC plans in 2021.

eToro's IPO raised $620M at $52/share, 30% above initial price range estimates
Platform previously paid $1.5M SEC fine for unregistered crypto brokerage operations
Abandoned 2021 SPAC merger worth $10.4B amid market downturn

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