A $650 million common share private placement from leading investors such as Softbank’s Vision Fund […] Social brokerage eToro is in talks with Goldman Sachs for a ~$5B IPO. Each SPAC ticker symbol represents a different class of security that is for sale. eToro going public via SPAC with implied equity value of $10.4 billion The transaction includes $250 million in gross proceeds from FinTech V’s cash in trust and $650 million in gross proceeds from a fully committed private placement in public equity (“PIPE”) at $10.00 per share from a number of investors. The SPAC Deal: eToro will merge with FinTech Acquisition Corp V … eToro: Spac bull rider clings on for $10.4bn valuation Premium Amid the GameStop trading frenzy in January, the brokerage added more than 1m new customers in the first month of 2021. 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, a digital investment platform, has announced it will become a publicly-traded company in a SPAC deal via FinTech Acquisition Corp. V (NASDAQ: FTCV). Trading platform EToro plans to go public via a merger with a blank-check firm led by Betsy Cohen. The site has … Israel's eToro to go public through $10.4b. SPAC deal backed by SoftBank EToro competes with Robinhood, which has become hugely popular with young investors for its easy-to-use interface. eToro Group Ltd., a multi-asset investment platform, and FinTech Acquisition Corp. V (NASDAQ: FTCV), a publicly-tradedspecial purpose acquisition company, have merged Etoro Enters a Special Purpose Acquisition in a $10.4 Billion Deal The popular cryptocurrency trading platform and stock brokerage service, Etoro , … 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 … | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and … Mar.16 -- Trading platform EToro plans to go public via a merger with a blank-check firm led by Betsy Cohen. Trading platform eToro said Tuesday it will become publicly traded via a merger with a special purpose acquisition company (SPAC). The eToro deal has made FTCV SPAC stock a less speculative investment. Social trading platform eToro to go public via $10 billion SPAC IPO CryptoSlate 2 hours ago Published on March 16, 2021 08:27 GMT+0 edited on March 16, 2021 08:59 GMT+0 In dit geval gaat het over een fusie die de nieuwe groep waardeert op zo'n 10,4 miljard dollar. Trading app eToro will go public through a $10.4 billion merger with Betsy Cohen's FinTech V SPAC, the companies announced today, as the Robinhood rival looks to expand in the US. However, eToro referred to the claim as "rumors." Click HERE to find out ⭐ After Gaining 5 Million New Customers, eToro Preps for IPO on Nasdaq - Report. The SPAC merger values eToro at more than $10 billion, which is about 17 times the platform's 2020 revenue. View all the latest data on market sentiment and analysis to invest in the SPX500 index on eToro. EToro, a broker with more than 20 million users, said Tuesday that it is merging with FinTech Acquisition Corp. V, a publicly traded special purpose acquisition company or SPAC… Advisors eToro confirms deal with Spac for public listing at $10.4bn valuation The deal should be completed by the third quarter of 2021, the companies said in a joint statement 'Today marks a momentous milestone for eToro as we embark on our journey to become a publicly traded company with Betsy Cohen and the team at FinTech V,' eToro boss Yona Assia said The … I mentioned the tech-heavy Nasdaq was … SPAC stocks can be very volatile before they find a target, which the case with Chamath Palihapitiya's SPACs IPOD and IPOF shows. Spread the love The equity and cryptocurrency exchange software eToro is due to go public after a merger with SPAC FinTech Acquisition Corp V. The exchange site is a Robinhood competitor, and rumours about its public launch have circulated recently. The implied enterprise valuation of eToro of approximately US$ 9.6 billion. I've included pricing and ticker on every SPAC's commons, warrants, … You can search with commons ticker, or filter based on the stage of the company. The eToro SPAC merger is expected to have an estimated implied equity value of approximately $10.4 billion at closing, reflecting an implied enterprise value for eToro … Trading platform EToro, ... eToro Nears $10 Billion Merger With Betsy Cohen SPAC By . 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 SPAC, with which eToro is reportedly considering its merger, raised $250 million in December. Then, the anonymous sources revealed that eToro is considering a SPAC merger to expedite the listing process. ... Fintech eToro plans to go public, through IPO or SPAC. Over 75 million trades in a month. Crystal Tse, March 15, 2021, 7:00 PM EDT Platform will provide stock-trading service in U.S. in 2021 Get all SPX500 Index stats, live charts and price. Weldra zal de fusiegroep noteren op Nasdaq onder de naam eToro Group Ltd. EToro Group to Go Public in Merger Deal With SPAC Trading platform says it will combine with FinTech Acquisition Corp. with implied value of $9.6 billion Existing eToro shareholder equity: US$ 9,466,000,000 Cash held in SPAC trust: US$ 250,000,000 Proceeds from PIPE: US$ 650,000,000. The share prices of the SPAC jumped by 40 percent in Monday’s aftermarket trading hours following its possible deal with eToro. The social investment network eToro is going public in a SPAC deal announced Tuesday morning. Israel-based brokerage eToro is planning for an IPO next year with a valuation of $5 billion and may pursue a SPAC deal to do so, Finance Magnates reports. Een SPAC of Special Purpose Acquisition Company is een beursschelp die geld opgehaald heeft bij beleggers om een overname te financieren. Trading platform eToro could announce as early as today a plan to go public via a merger with a special purpose acquisition company (SPAC), according to … Over 700 companies in the Database! Suggested articles. The value of eToro has increased by a factor of 12.5 in less than three years: in 2018 it raised $100 million at a valuation of $800 million. Israeli social investment network eToro announced its intention to go public via a merger with a blank check company backed by serial dealmaker Betsy Cohen. eToro, the prominent European trading app, has announced it’s going public via a blank cheque company (or SPAC). The startup has agreed a valuation of $10.4bn as part of a merger with the FinTech Acquisition Corp. V, a shell company that is publicly listed in the US. 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