Crypto and stock trading platform eToro experienced a remarkable 30% surge in its share price during its debut on the Nasdaq following an upsize in its initial public offering. The shares of eToro Group Ltd (ETOR) closed at $67 on May 14, reflecting a 28.9% increase from its IPO price of $52. This surge pushed the company’s market value to over $5.5 billion. Although the stock price reached a high of $74.26 during trading, it slightly dipped by 0.7% to $66.53 after the market closed. The day before its debut, eToro raised its IPO to $620 million and sold over 11.92 million shares, exceeding the initial target of 10 million shares. BlackRock-managed funds also showed interest in purchasing up to $100 million worth of shares. eToro’s IPO signifies a growing trend in retail investing, as stated by Robert Francis, the managing director of eToro Australia. The offering was led by Goldman Sachs, Jefferies, UBS Investment Bank, and Citigroup. eToro’s successful public debut comes after a period of uncertainty caused by global market fluctuations due to trade tariffs. The company initially aimed to go public in 2021 but postponed its plans due to external factors. Other crypto firms like Kraken and Circle are also considering public listings this year. The surge in eToro’s stock price marks a positive turn for the IPO market in the US and showcases the growing interest in retail investing and cryptocurrency trading.