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eToro's shares debuted on Nasdaq today under the ticker ETOR, initially priced at $52 and surging nearly 40% to $71.5 during the first day of trading, reflecting strong investor interest in tech IPOs. The company's market capitalization reached over $4 billion, and eToro CEO Yoni Assia emphasized the role of AI in enhancing financial systems and investment strategies.
Wealthfront, an automated digital wealth management platform, disclosed an increase in its 2025 revenue to $308.9 million in its U.S. IPO filing. The company is set to list on the Nasdaq under the symbol "WLTH," with major banks like Goldman Sachs and J.P. Morgan as underwriters.
Financial technology company Chime has filed for an IPO on the Nasdaq under the ticker symbol "CHYM." The company, which is not a bank but a technology firm, reported a revenue of $518.7 million with a net income of $12.9 million in the latest quarter and has seen substantial growth in active members, now totaling 8.6 million. Chime aims to attract users seeking an alternative to traditional banks, offering features like fee-free overdrafts and high-yield savings accounts.