eToro, IPO
Digest more
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.
Toro (NASDAQ:ETOR), a brokerage also offering crypto trading, listed its shares on the Nasdaq yesterday in an initial public offering (IPO) that quickly saw
Shares of stock brokerage and crypto trading platform eToro closed 29% higher on Wednesday following its Nasdaq debut, settling around $67.
ARK's ETOR allocation is worth just under $9.4 million, based on the closing price of $67. The shares rose 29% on the first day of trading after opening at $52, which itself was significantly higher than the marketed range as eToro received much higher demand than anticipated.
Crypto and stock trading platform eToro shares gained nearly 30% by the close of trading on its Nasdaq debut after pricing up its shares at the last minute.
Toro shares jumped 29% in its Nasdaq debut, reaching $67 per share with crypto revenue tripling to $12.1 billion in 2024.
EToro (NASDAQ:ETOR) just kicked the IPO market back into gear. Shares of the retail trading platform surged as much as 42% in its first day of trading, following an upsized $620 million offering that priced well above expectations at $52 per share.
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.