Following the upsizing of its IPO size and pricing, Israel based social trading focused online broker eToro has had a very good first day of trading.

eToro Group Ltd (NASDAQ:ETOR) shares traded up from the start of the day on Wednesday from their $52 IPO pricing, which as noted was above the initial indicative $46-50 range in eToro’s IPO filing before its roadshow with investors.

eToro shares began trading shortly after 12:00pm NY time on Wednesday, and quickly hit a high of $74.28 – up 43% from the IPO price – before settling back somewhat to close at $67.00, still up 29% on the day. That provided some healthy profits for those investors fortunate enough to have been allocated shares in what apparently was a heavily subscribed IPO.

eToro’s $67 share price close now attributes a valuation of $5.5 billion to the company.