Shares of stock and crypto trading platform eToro (ETOR) have debuted at $52 a share after the company hit the Nasdaq exchange on Tuesday evening.
The company raised about $310 million from investors as it sold 6 million shares at a price of $52 a piece. The listing values the company at $4.2 billion.
The price is significantly higher than the marketed range, as the company received a much higher demand than previously anticipated.
EToro becomes the first company to go public after a rough couple of months in markets across the U.S., as President Donald Trump is in discussions to make several tariff deals with leaders around the world.
Because of that, many companies, including eToro, had delayed going public, but Bloomberg reported last week that the trading platform was resuming plans.
The company will trade under the ticker “ETOR”.
News source: EToro Goes Public At $52 A Share, Far Exceeding Marketed Range
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