eToro Soars on Nasdaq Debut, Signaling a New Era for Crypto IPOs

eToro’s highly anticipated debut on the Nasdaq brought positive news to the crypto market. The platform saw exceptional demand in its initial public offering (IPO), prompting the company to upsize from $500 million to $620 million, and driving the stock price a remarkable 30% surge on its first day of trading. The firm’s revenue has experienced significant growth, rising from $3.4 billion in 2023 to $12.1 billion in 2024, although its percentage of overall revenue is projected to decrease in 2025. This IPO success signifies a resurgence in the crypto-related IPO landscape, potentially paving the way for more companies like Robinhood and Kraken to follow suit.