Stock trading app eToro opens at $69.69 in Nasdaq debut

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, pushing its market cap to $5.6 billion at the open from$4.2 billion at the IPO 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 I ...