Omar Marques | Sopa Images | Lightrocket | Getty Images
Shares of stock brokerage platform eToro popped in their Nasdaq debut on Wednesday after the company raised almost $310 million in its IPO.
The stock opened at $69.69, or 34% above its initial offering price. Shares were last up more than 40%.
The Israel-based company sold nearly 6 million shares at $52 each, above the expected range of $46 to $50. Almost 6 million additional shares were sold by existing investors. At the IPO price, the company was valued at roughly $4.2 billion.
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