Oddity Tech Ltd. ODD, +37.40% was greeted with a standing ovation when it made its Wall Street debut on Wednesday. The Israeli-based platform for consumer technology in the beauty and wellbeing market opened 39% higher than its initial public offer price. Before the opening, the company announced that its IPO was priced at $35 per share. This price is above the expected range. The company raised $423.7 millions and the selling shareholders raised $362.3. The first stock trade occurred at $48.64, at 1:17 pm Eastern. The company’s value was $2.75 billion at that price. The positive debut of the stock comes as investor interest in IPOs is increasing. For example, the Renaissance IPO IPO -0.25% ETF has risen 24.6% during the last three months while the S&P500 SPX -0.26% index has risen 9.9%.