In brief
- Shares of stock and crypto trading app eToro closed 29% higher at $67 following its Nasdaq debut.
- Co-founder and CEO Yoni Assia views crypto as “a revolutionary technology.”
- In the U.S., eToro offers trading on just three cryptocurrencies, following a $1.5 million settlement with the SEC.
Shares of stock brokerage platform eToro closed 29% higher on Wednesday following the firm’s Nasdaq debut, settling around $67, according to the exchange’s website.
The firm said in a press release that it sold 6 million shares at $52 each, raising $310 million through its initial public offering. Based on current prices, the firm is valued at roughly $5.4 billion, according to Nasdaq.
EToro’s debut reflects the more favorable…
May 15 2025
