Retail trading platform eToro saw its shares rise by as much as 42.8% to $74.28 on its Nasdaq debut, following an IPO that valued the company at nearly $6bn and raised almost $620mn. The listing was positively influenced by a recent de-escalation in US-China trade tensions, which has revitalized the broader US IPO market after a slow start to the year. Other companies, including Chime and Figma, have also moved towards IPOs, signaling a recovery in the market, with significant gains for competitors like Robinhood and successful recent offerings from Aspen Insurance and American Integrity Insurance Group.
