Etoro rises on the appearance of NASDAC for the first time, indicating the revival of subscriptions in encryption

- The Etoro Trading platform is exceptionally performed on its first day on the American Stock Exchange.
- The demand for the shares of the company was massive before its first official appearance on the Nasdaq Stock Exchange, and because of this, the company increased the size of the public subscription to 620 million dollars.
- The company’s revenues grew from $ 3.4 billion in 2023 to $ 12.1 billion in 2024, although it is expected to represent a percentage smaller than 2025 revenues.
Etoro group appeared for the first time on the American Stock Exchange on Wednesday, with the price of the stock Height Almost 30 % in the first day of trading. He closed his share price at $ 67, higher than the public subscription price of $ 52. It sends the company’s market value to more than $ 5.5 billion.
The increasing offer reflects the strong demand for investors
The appearance of the successful market comes after the strategic move by Etoro to raise its first year offer from 500 million dollars to $ 620 million before the listing. The company and the current shareholders sold about 11.92 million shares, half of them, after setting the price of shares at a higher price than $ 46 to 50 dollars.
This impressive performance has been achieved despite the initial delay due to market turmoil. The April tariff ads submitted by President Trump have suspended many planned public offers.
Blackrock money earlier has previously expressed interest in buying up to $ 100 million of shares at the public subscription price, an indication of institutional faith in the trading platform.
This successful list confirms the fact that retail investment is a continuous trend and not a passing heresy.
The company’s organizational deposits indicated a very strong growth in the revenue related to encryption, which amounted to $ 12.1 billion in 2024, an increase of $ 3.4 billion last year. However, the company estimates that Crypto will take a smaller share of trading commissions in early 2025, which means diversification in revenue flows.
For the first time in the successful market for Etoro as its direct rival Robinhood Decline 1.9 % on the same day.
This offer, led by some of the world’s largest financial institutions such as Goldman Sachs and Citigroup, is a possible return to the Crypto IPO scene. A number of other leading digital asset companies, such as Kraken and Circle, are said to be planning public offers. Although some plans were suspended after the recent fluctuations of the market.
ETORO’s flight to public markets was not free of challenges, as it previously abandoned the merger of SPAC at a value of $ 10 billion in 2022 amid the conditions of the epidemic and inflation fears.
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