The company raised almost $310m in its initial public offering, valuing it at roughly $4.2b. Wall Street is looking to the Robinhood competitor for signs of renewed interest in IPOs after an extended drought. Many investors saw President Donald Trump’s return to the White House as a catalyst before tariff concerns led companies to delay their plans.
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Stock trading app eToro pops 29% in Nasdaq debut after pricing IPO above expected range
“We felt that we’re seeing the light at the end of the tunnel of the correction in the markets,” CEO Yoni Assia said of eToro’s decision to go public in an interview with CNBC. The company was looking for a key measure of market volatility known as the CBOE Volatility Index to stabilize in the wake of tariff concerns, he added.
