Stock and crypto trading platform eToro (ETOR) debuted at $52 a share on the Nasdaq exchange on Tuesday.
The company raised about $312 million from investors by selling 6 million shares at a price of $52 a piece. The listing values the company at $4.2 billion.
The price is significantly higher than the marketed range, as the company received a much higher demand than previously anticipated.
EToro becomes the first U.S. crypto company to go public after a rough couple of months with President Donald Trump in discussions to make several tariff deals with world leaders.
Due to the uncertainty, many companies, including eToro, had delayed going public. However, in early May Bloomberg reported that the trading platform was resuming its IPO plans.
The company will trade under the ticker “ETOR”.
Read more: Crypto and Stock Trading Platform EToro IPO Pricing Looking Strong: Bloomberg