By Hannah Erin Lang
If there is anything to be learned from the tariff turmoil of the past several weeks, it is that individual investors have a strong stomach for wild market swings.
That's the takeaway for Yoni Assia, the chief executive of digital trading platform eToro.
"I think this generation of investors [is] much more resilient to volatility than older generations," Assia told The Wall Street Journal.
EToro, headquartered in Israel, is one of the first companies to test out a thawing IPO market this year after President Trump's April tariff announcement effectively froze public offerings. The stock started trading on the Nasdaq Wednesday under the ticker ETOR.
Just a few weeks ago, concerns spread among investors that trade policy could threaten the U.S.'s top spot in the global financial system. Assia said his experience taking eToro public disproved any such theories.
"This process has absolutely exceeded my wildest expectations of capital markets in the U.S.," he said. "There is no doubt that this is the north star."
On Tuesday, eToro said it would offer 11.9 million shares priced at $52 each. The stock closed Wednesday at $67 a share, up 29%, according to FactSet.
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(END) Dow Jones Newswires
May 14, 2025 18:46 ET (22:46 GMT)
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