eToro, a crypto and stock trading platform, debuted on the Nasdaq with its stock price rising by 28.9% to $67 on its first trading day. This surge followed a last-minute increase in its initial public offering (IPO) price to $52 per share. eToro's market value now exceeds $5.5 billion, with shares reaching a high of $74.26 during the day before settling slightly lower. The company successfully sold over 11.92 million shares at the IPO, attracting significant interest from BlackRock-managed funds. In a recent regulatory filing, eToro reported a significant increase in its crypto revenue for 2024, amounting to $12.1 billion, and anticipates that crypto will constitute 37% of its trading commissions in Q1 2025. This IPO marks a recovery trend for public offerings in the U.S., reinitiated after a pause caused by tariff uncertainties under the Trump administration. Founded in 2007, eToro had previously attempted to go public in 2021 but faced market fluctuations.

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