eToro's stock price rose nearly 30% on its first trading day on Nasdaq
According to data from Yahoo Finance, the financial trading platform eToro ended its first trading day on Nasdaq with an increase of about 28.9%. eToro Group Ltd (ETOR) shares closed on May 14 at $67, up from the initial offering price of $52.
Previously, on May 13, the company adjusted its IPO price to $620 million, higher than the previously proposed range of $46-50 per share. The total number of shares offered in the IPO reached over 11.92 million shares, split evenly between the company and some current shareholders.
eToro also reported that some funds and accounts managed by BlackRock expressed interest in purchasing shares worth up to $100 million in this IPO.