The mobile trading platform’s shares are on a run in their first day of trading, elevating hopes for upcoming stock-market debuts.

UTC): This article has been updated to add a comment from eToro Australia’s Robert Francis. Crypto and stock trading platform eToro has seen its share price gain nearly 30% during its debut on the Nasdaq after the company made a last-minute boost to its initial public offering.

Toro debuted on the Nasdaq under the ticker "ETOR" at $52 per share, above its expected range, valuing the company at $4.2 billion.