The go-public merger with FinTech V values the retail investment platform at $10.4bn, one of the largest SPAC deals to date. March 16 (Reuters) – EToro, a rival of online brokerage Robinhood, said on Tuesday it had agreed to go public through a merger with a blank-check firm backed by banking entrepreneur Betsy Cohen, valuing the equity of the combined firm at around $10.4 billion. ... What happens to the SPAC after the merger announcement? Despite a valuation north of $10 billion, eToro's valuation is … Trading Platform eToro to Go Public Via $10.4B SPAC Merger Rob Lenihan 3 days ago. If you are intrigued with these “blank check companies”, keep reading on to learn about 3 SPAC stocks that could be huge winners below. 2 months ago - InvestorPlace SPAC Deal To Bring eToro Public After Revenue Growth Of … However, its SPAC merger will soon change that. It found a target business that investors seem happy with. Upon closing of the transaction, the combined company will operate as eToro Group Ltd. and is expected to be listed on NASDAQ. On March 16, social investment network company eToro Group Ltd. announced that it entered a definitive merger agreement in which eToro will combine with FinTech V and form a publically-traded company. Etoro Enters a Special Purpose Acquisition in a $10.4 Billion Deal The popular cryptocurrency trading platform and stock brokerage service, Etoro , has plans to go public with a $10.4 billion merger. eToro plans to complete the IPO during the second quarter of 2021. Asset brokerage company eToro looks set to complete a multibillion-dollar partnership with Fintech Acquisition Corp. EToro is now the latest firm involved in cryptocurrencies to be in talks regarding a merger with a SPAC in the United States. Menu. The SPAC the Robinhood rival plans to merge with is led by serial dealmaker Betsy Cohen. eToro, the stock and crypto trading app is all set to go public by merging with SPAC FinTech Acquisition Corp V. The trading platform is a Robinhood rival, and rumors about its public debut was rife in the recent past. Online broker eToro has agreed to go public at a $10.4bn valuation by merging with Fintech Acquisition Corp V, a special purpose acquisition company (SPAC) set up by banking veteran Betsy Cohen, in one of the largest SPAC deals so far this year. Etoro Enters a Particular Objective Acquisition in a $10.4 Billion Deal The favored cryptocurrency buying and selling platform and inventory brokerage service, Etoro , has plans to go public with a $10.4 billion merger. eToro nears US$10b merger with Betsy Cohen SPAC. The Etoro merger is a $10.4 billion deal, backed by the banking entrepreneur and Fintech Acquisition Corp V chair Betsy Cohen. According to Israel media Calcalist, Israel-based eToro is in talks with Goldman Sachs about possibly leading the IPO on Nasdaq. Crypto-friendly trading platform eToro to go public via $10B SPAC merger . ... SPAC Deal To Bring eToro Public After Revenue Growth Of 147%, 5 … The eToro merger is a $10.4 billion deal that is backed by Fintech Acquisition Corp V. Although Kraken is yet to formally announce its plans to go public, last month, founder and CEO Powell hinted at the possibility. High Tech Sports Management. You should also understand funding and the due date for when it must gain approval or be liquidated (in that two-year span). Q3 2021. 2. The site has long supported cryptocurrency buying and selling. The companies are raising $650 million in equity to support the deal. Churchill Capital Corp IV . eToro plans to go public through a SPAC merger. The SPAC fad has also drawn the attention of regulators. eToro’s stock is not yet public, so there's no way for investors to buy shares yet. Therefore, an IPO is right for a company with past achievements," says Cohen. While 2020 was a big year for SPAC stocks, it appears that this segment of the market is going to get even more activity in 2021. eToro, an Israeli commission-free trading platform that rivals Robinhood, announced their plans to go public today. Trading platform eToro, a rival to Robinhood Markets Inc., plans to go public via a merger with a blank-check firm led by serial deal-maker Betsy Cohen, according to people with knowledge of the matter. Trading platform eToro is planning to go public through a merger with a blank-check firm. Etoro Enters a Special Purpose Acquisition in a $10.4 Billion Deal The popular cryptocurrency trading platform and stock brokerage service, Etoro , has plans to go public with a $10.4 billion merger. The deal with FinTech Acquisition Corp. V will value the combined company at about US$10 billion, the people said, asking not to be identified because the matter is private. Trading platform eToro said Tuesday it will become publicly traded via a merger with a special purpose acquisition company (SPAC). EToro, a rival of online brokerage Robinhood, said on Tuesday it had agreed to go public through a merger with a blank-check firm backed by banking entrepreneur Betsy Cohen, valuing the … The Best 3 Cryptos You Can Trade on eToro: 26.03. Just this week crypto trading platform, eToro, announced it will become publicly traded through a SPAC merger. 16. Initial S-1 Date: 2020-08-26. SPAC Name (Ticker) Potential Merger Partner Article Date Publication Type of Report Return Post-Report (+1 day)* Deal Confirmed, Pending, or No Deal** DA Date Days from Report to DA Days from Report Article Link Article Link Privacy Policy; Welcome! Like many companies in 2021, eToro will be going public through a SPAC, with the merger valued at around $10 billion. Fortress Value Acquisition Corp II NYSE Updated May 19, 2021 8:00 PM. Early Adopter Of SPACs: Cohen's first SPAC deal was in 2015, years before the craze caught on. share. eToro will receive $250 million raised in FinTech V’s IPO, … The shareholder vote is one of the last steps in the SPAC merger process. Add a Comment. If you are intrigued with these “blank check companies”, keep reading on to learn about 3 SPAC stocks that could be huge winners below. eToro CEO on SPAC merger: 'we project over $1B revenues' in 2021 March 17, 2021, 6:53 a.m. Trading Platform eToro plans to go public in a $10.4 billion SPAC deal with FinTech Acquisition Corp. V. Yoni Assia, eToro Founder & CEO and Betsy Cohen, FinTech Masala Chair join Yahoo … eToro is regulated by the CySEC authority in the EU. EToro competes with Robinhood, which has become hugely popular with young investors for its easy-to-use interface. Investors are currently awaiting confirmation on a date to vote on the proposed merger. Once the transaction closes sometime in the third quarter, the combined company will operate as eToro Group Ltd. and is expected to be listed on the Nasdaq exchange. A SPAC merger sets a fixed valuation, which can result in volatility on the first trading day, and unlike normal IPOs, there is no six-month lock-up period before shareholders can sell their shares. Cryptocurrency and investment management platform eToro plans to go public via a merger with a special purpose acquisition company (SPAC). This information also appears in your account settings. Perhaps Cohen's highest-profile deal to date is a merger with eToro that he worked on with his mother Betsy Cohen. ... January than on the same date in 2020. Social investing platform eToro will become a public company via merger with SPAC firm FinTech Acquisition Corp. V, and based on an estimated implied equity value in the $10.4 billion range. eToro will receive $250 million raised in FinTech V’s IPO, … eToro is becoming a publicly traded company. The NGA merger is close to completion with the shareholder meeting on the 23rd April 2021. eToro, an investment platform, has agreed to go public via a merger with FinTech Acquisition Corp V, a blank check company. 10 bucks a pop. Multi-asset investing and trading platform and Robinhood competitor eToro announced Tuesday it will go public via a merger with SPAC FinTech Acquisition Corp. V in a massive $10.4 billion deal.
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