Legendary billionaire investor Warren Buffett, who recently stepped down as Berkshire Hathaway CEO after 60 years of service, is well-known for influencing a generation of entrepreneurs such as Microsoft founder Bill Gates and Pershing Square founder Bill Ackman.

Shares of the Israel-based retail trading firm eToro are surging after the Robinhood rival went public on Wednesday.

Toro (ETORO, Financials) surged 34% in its Nasdaq debut Wednesday, reaching a $5.64 billion valuation and signaling a potential reopening of the U.S. IPO market. eToros shares opened at $69.69, significantly higher than the $52 offer price.

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.

With shares surging to $67 and a market capitalization of $5.4 billion, eToro has made a splashy entrance into the public markets. But should you pick it over Robinhood?

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,