From Cointelegraph

May 14, 2025 8:51:00 pm:

Crypto and stock trading platform eToro saw its share price rise nearly 30% during its Nasdaq debut, closing at $67 on May 14, up from $52. Its market value now exceeds $5.5 billion, with its stock price hitting a high of $74.26 before settling at $66.53. The IPO was boosted to $620 million, above the initial target of $500 million, with BlackRock-managed funds showing interest in buying shares. eToro’s total 2024 crypto revenue was $12.1 billion, up from $3.4 billion in 2023, and it expects crypto to account for 37% of its trading commission in Q1 2025. The offering was led by Goldman Sachs, Jefferies, UBS Investment Bank, and Citigroup. IPOs rebound after tariff turmoil, with eToro filing confidentially with the SEC in January and announcing its plans in March before delaying due to Trump’s tariff plans. Founded in 2007, eToro previously aimed to go public in 2021 via a merger at a $10 billion valuation, but later scrapped the plan in 2022 due to market conditions. Other crypto firms like Kraken, Circle, Figure, Anchorage Digital, and Chainalysis are also considering going public in 2025.

Read more at Cointelegraph: eToro jumps 30% on Nasdaq debut after upsized IPO