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.

eToro Group, a competitor of Robinhood, is seeking to raise $500 million through an initial public offering (IPO) in the United States. The firm aims to leverage its strong brand and growing user base to capture a larger share of the market in the increasingly competitive trading landscape. The IPO is part of eToro's strategy to expand its offerings and enhance its financial position.