eToro, IPO and Crypto
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On today’s episode of CNBC Crypto World, shares of eToro soared in the crypto and stock trading platform’s Nasdaq debut. Plus, Johann Kerbrat, the general manager of Robinhood Crypto, discusses the company’s new deal with a Canadian crypto firm from Consensus 2025.
Shares of trading platform eToro surged nearly 29% in their Nasdaq debut, closing at $67 after opening well above the IPO price. The company raised approximately $310 million by selling nearly 6 million shares at $52 each, topping its initial price range.
Toro lists on Nasdaq with $4.2B valuation after $310M IPO; crypto revenue surges 200%, signaling investor confidence.
Robinhood-rival eToro secured a valuation of $5.64 billion after its shares surged 34% in their Nasdaq debut on Wednesday, becoming the first U.S. IPO to make it to market after tariff uncertainty delayed several planned launches.
Shares of eToro ( ETOR 30.96%) are soaring in their trading debut on Wednesday. The stock and crypto trading platform's shares surged 28.2% as of 2:20 p.m. ET after opening at $69.69, which was 34% above its initial public offering (IPO) price of $52. The impressive debut comes as the S&P 500 was flat while the Nasdaq Composite gained 0.5%.
Shares of stock and crypto trading platform eToro (ETOR) have debuted at $52 a share after the company hit the Nasdaq exchange on Tuesday evening. The company raised about $310 million from investors as it sold 6 million shares at a price of $52 a piece.