Shares of eToro popped in their Nasdaq debut on Wednesday. The stock and crypto trading app raised almost $310 million in its IPO late Tuesday, selling shares above the expected range. IPOs looked poised for a rebound when President Donald Trump returned to office in January,

The fintech company files to go public a day before eToro begins trading on Nasdaq. The deals will test the strength of the IPO market.

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.