eToro's Stock Price Rises 29% on First Day of NASDAQ Listing

BlockBeats News, May 15th, on Wednesday, trading platform eToro was listed on Nasdaq, with its stock price rising by 29%. Previously, the company had conducted a large-scale initial public offering at an issue price of $52 per share. According to Yahoo Finance data, the company's stock symbol is ETOR, closing at $67, providing cryptocurrency and stock trading services.

eToro stated on Tuesday that the offering included approximately 11.9 million shares of Class A common stock, with about half sold by the company and the rest sold by existing shareholders. The offering was led by Goldman Sachs, JPMorgan, UBS Investment Bank, and Citigroup, with Deutsche Bank Securities, Cantor, and Bank of America Securities also participating. (The Block)