eToro’s stock price experienced a remarkable surge on its debut on the Nasdaq exchange, soaring nearly 30% on May 14th. The platform’s shares closed at $67 after an IPO offering that priced them at $52, resulting in a valuation exceeding $5.5 billion. While eToro hit a peak of $74.26 before settling slightly to $66.54 in after-hours trading, the company raised its IPO target from $620 million only days before going public. eToro’s initial goal was to raise $500 million through the sale of 10 million shares but ultimately sold nearly 11.92 million shares split between eToro and existing shareholders. According to a May 5 SEC filing, funds managed by BlackRock expressed interest in purchasing up to $100 million worth of shares. Robert Francis, eToro Australia’s managing director, emphasized the enduring nature of retail investing, highlighting that it is not merely a fleeting trend.