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eToro Nears Merger With SPAC: Report

A deal could be announced as early as Tuesday.

Mar 16, 2021 at 11:36 a.m. UTC
Updated Sep 14, 2021 at 12:27 p.m. UTC

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 a report by Bloomberg citing people with knowledge of the matter.

  • The deal with FinTech Acquisition Corp. V would value the combined entity at about $10 billion, the report said.
  • FinTech Acquisition Corp. V is led by Betsy Cohen, who has been involved with several other SPACs, including one that took Perella Weinberg public, Bloomberg said.
  • Representatives for both companies declined to comment, the report said.

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