eToro, the Israeli fintech platform known for its social trading model, has officially gone public – marking one of the most talked-about IPOs in the sector this year. The company began trading on the Nasdaq under the ticker ETOR, and its debut did not disappoint.
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eToro’s shares opened at $52 but closed the first trading day at $67, pushing the company’s market valuation to over $5.5 billion. The public listing delivered a windfall for early backers. Notably, venture firm Spark Capital walked away with a $530 million gain, having invested just $19 million in the company 15 years ago.
To meet investor demand, eToro increased the size of its IPO ahead of the launch – raising the offer to 12 million shares, up from the initial plan of 10 million. The move underscores growing investor confidence in digital trading platforms, especially those like eToro that blend traditional brokerage services with a strong social component.
The success of eToro’s IPO highlights the company’s evolution from a startup into a major player in the global trading space, and sets a benchmark for other fintechs eyeing the public markets.
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