Etoro (ETOR) stock exceeds 29% on the first trading day after IPO’s

Shares of Etoro climbed almost 29% in their debut on Nasdaq Exchange after publishing an approx. 4.2 billion dollars valuation on Tuesday.

The stock indices experienced mixed results on Wednesday, with S&P 500 and NASDAQ trading higher and Dow Industrials lower. Bitcoin (BTC) Drive modestly lower to $ 103,400 ..

Etoro had sold nearly 6 million shares for its IPO to $ 52 each, much higher than the originally marketed range and raised about $ 310 million.

The equity and crypto trading platform became the first company to resume plans to be published after a number of competitors such as Robinhood, Circle and others had delayed their stock exchange listing in mid -April’s market uncertainty. All eyes are now on the others to see if they want to follow in Etoro’s steps, especially considering its successful debut.

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