eToro (ETOR) Stock Price Analysis: Trading Platform Surges 29% in Nasdaq Debut
TLDR
- eToro (ETOR) stock jumped 29% in its Nasdaq debut, closing at $67 from an IPO price of $52
- The company raised $310 million by selling shares above the expected range of $46-$50
- eToro’s market cap grew to over $5.4 billion by the end of its first trading day
- Crypto revenue tripled to $12 million in 2024, accounting for 25% of trading contribution
- This marks eToro’s second attempt at going public after canceling SPAC plans in 2022
eToro Group Ltd, a platform for trading stocks and cryptocurrencies, saw its share price jump nearly 29% during its first day of trading on the Nasdaq. The company closed at $67 per share on May 14, up from its initial offering price of $52.
