eToro Shares Soar 30% After Nasdaq Debut, IPO Valued at $5.6 Billion

eToro’s highly anticipated debut on the Nasdaq saw its shares soar over 30%, valuing the Israeli trading platform at a hefty $5.64 billion. This impressive initial public offering (IPO) raised nearly $310 million, fueled by strong support from major financial institutions. The success of this IPO positions eToro as a frontrunner in the rapidly evolving fintech space, sparking confidence across the market. Several prominent financial institutions like Goldman Sachs, Jefferies, UBS and Citigroup participated in the IPO, further validating eToro’s potential.