eToro debuts on Nasdaq with shares surging, raising $310 million
From CNBC: 2025-05-14 12:38:00
Shares of eToro surged in their Nasdaq debut, opening at $69.69, 34% above the IPO price, raising $310 million. Market cap jumped to $5.6 billion. Wall Street eyes eToro for IPO interest resurgence after Trump’s White House return sparked delays. Chime and Hinge Health also test IPO waters.EToro, set to go public in 2021 via SPAC, shelved plans amidst market volatility. CEO Yoni Assia eyes public markets, evaluating opportunities for IPO. CoreWeave tested IPO demand in March. Stock brokerage platform eToro’s successful Nasdaq debut signals renewed investor interest in IPOs.