If the stock market rally continues, other quality companies that had put their IPO plans on hold are likely to follow,” one expert said.

Shares of the trading app eToro Group soared more than 40% on Wednesday after pricing at a higher-than-expected $52. eToro’s impressive debut, which many market watchers viewed as a critical test in a fragile IPO climate,

EToro Group Ltd. shares rose as much as 42% in its first session as a public company, after the trading and investment platform and some of its backers raised nearly $620 million in an upsized IPO.