Venture firm Spark Capital saw a gain of about $530 million this week when EToro Group Ltd. went public, according to people familiar with the matter — the culmination of an ear

The trading platform’s stock is on a run in its first day of trading, elevating hopes for other stock-market debuts.

Robinhood-rival eToro secured a valuation of $5.64 billion after its shares surged 34% in their Nasdaq debut on Wednesday, becoming the first U.S. IPO to make it to market after tariff uncertainty delayed several planned launches.

Within the span of a few hours on Tuesday, eToro priced its IPO above its initial range and Chime filed an S-1, setting the stage for its own listing.