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Trading platform eToro surges on New York debut after upsized offering

  • Israel-Based trading platform eToro debuted its shares on the Nasdaq exchange on May 14, 2025, listed under the ticker symbol ETOR.
  • EToro increased its offering from an initial 10 million shares at a $46-$50 range to nearly 12 million shares priced at $52 due to strong investor demand.
  • The company sold about 6 million new shares and nearly 6 million shares from existing shareholders, led by underwriters including Goldman Sachs and Jefferies.
  • EToro’s stock opened 34% above its IPO price at $69.69, raising approximately $620 million and valuing the company at roughly $4.26 billion.
  • The successful debut may encourage other fintech IPOs amid recovering market confidence after previous delays from competitors due to macroeconomic uncertainties.
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FX News Group broke the news in on Wednesday, May 14, 2025.
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