eToro jumps 30% on Nasdaq debut after upsized IPO 📈
eToro, a crypto and stock trading platform, experienced a nearly 30% surge in its share price during its Nasdaq debut. This came after the company boosted its IPO, raising $620 million. With shares closing at $67, eToro's market value now exceeds $5.5 billion.
The IPO was led by major financial players, including Goldman Sachs and Citigroup. eToro's public offering marks a resurgence in US IPOs after previous market disruptions.
The company initially intended to raise $500 million but ended up selling over 11.92 million shares.
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