Stock trading app eToro pops 40% in NASDAQ debut
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Robinhood-rival eToro secured a valuation of $5.64 billion after its shares surged 34% in their Nasdaq debut on Wednesday, becoming the first U.S. IPO to make it to market after tariff uncertainty delayed several planned launches.
Shares of the trading app eToro Group soared more than 40% on Wednesday after pricing at a higher-than-expected $52. eToro’s impressive debut, which many market watchers viewed as a critical test in a fragile IPO climate,