🚀 eToro shares surge in Nasdaq debut, signalling renewed IPO appetite

NexxtGen Markets
4 days ago
2 min read

eToro made a strong entrance on the Nasdaq, opening well above its IPO price and continuing to climb throughout the day. The online trading platform — known for its stock and cryptocurrency trading capabilities — becomes one of the first high-profile listings to test investor appetite after a recent freeze in the IPO market.

eToro's stock debuted at $69.69, significantly above its IPO price of $52, before rising further to $72.42 during afternoon trading. The 39% gain reflects growing investor enthusiasm, especially notable in a market environment that has remained cautious in recent weeks.

To meet increased demand, eToro upsized its offering to 11.9 million shares, raising approximately $619 million through joint underwriting by Goldman Sachs, Jefferies, UBS Investment Bank, and Citigroup. The IPO was priced late Tuesday above its initial guidance range of $46–$50 per share.

📱 From fintech startup to global platform

Founded in 2007 by Chief Executive Yoni Assia and his brother, eToro was born from a shared passion for financial markets and a mission to simplify investing for everyday users. “We’ve created a platform where users can learn from one another, share their experiences, and grow together,” Assia noted in the company's IPO prospectus.

With over 40 million registered users across 75 countries, eToro has grown into one of the most recognised platforms for trading both traditional equities and digital assets. Its social trading model — where users can follow and copy the strategies of others — has helped demystify investing and promote greater financial literacy.

📈 IPO momentum returns

According to Renaissance Capital, several noteworthy IPOs were paused in April due to geopolitical tensions and market volatility. “eToro is now the first of the group to test the waters,” said Renaissance CEO Bill Smith in a client note, highlighting the firm’s strong debut as a potential turning point for broader IPO activity.

With the market watching closely, eToro’s performance could open the door for other fintech and tech firms waiting for improved conditions to go public.

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