Reported about 10 hours ago
eToro, the Israel-based online trading platform, experienced a significant surge on its debut on the Nasdaq, with shares trading around $68, marking an over 30% increase from its IPO price of $52. The company raised approximately $310 million, surpassing its expected target pricing range. This comes on the heels of eToro's reported commissions of $931 million and net income of $192 million for 2024, driven by a notable rise in crypto trading.
Source: YAHOO