Stock trading app eToro pops 40% in NASDAQ debut
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Toro, the Israel-based trading platform, has secured a valuation of $5.64 billion after an impressive Nasdaq debut.
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24/7 Wall St. on MSNStock Market Live May 14: S&P 500 (VOO) Rises as IPOs Return to PopularityIsraeli cryptocurrency and stocks trading platform eToro priced its US IPO at $52 per share this morning, above its expected introduction in a range from $46 to $50. The new IPO will trade on the Nasdaq under ticker symbol "ETOR.
Chime is a technology company, not a bank,” the company said in its prospectus, noting it’s not a member of the U.S. Federal Deposit Insurance Corp.
CoreWeave (NASDAQ:CRWV) shares rose 3% in extended trading on Wednesday after the cloud service provider reported first-quarter revenue that topped estimates in its first quarter since becoming a public company.
An eToro spokeswoman declined to comment citing the IPO's quiet period. eToro’s listing comes at a pivotal time for the IPO market, which has been largely been dormant since 202
Social investment fintech eToro is seeking to raise $500 million through its initial public offering in the U.S., targeting a valuation of $4 billion and an expected IPO date of May 14.