ARK's ETOR allocation is worth just under $9.4 million, based on the closing price of $67. The shares rose 29% on the first day of trading after opening at $52, which itself was significantly higher than the marketed range as eToro received much higher demand than anticipated.

Toro lists on Nasdaq with $4.2B valuation after $310M IPO; crypto revenue surges 200%, signaling investor confidence.

Shares of stock and crypto trading platform eToro (ETOR) have debuted at $52 a share after the company hit the Nasdaq exchange on Tuesday evening. The company raised about $310 million from investors as it sold 6 million shares at a price of $52 a piece.

The year’s biggest test of the IPO market will occur this week when retail broker eToro Group opens for trading Wednesday. The eToro offering is oversubscribed, according to sources, who asked not to be identified as they were not authorized to speak publicly.