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Next stop NASDAQ: eToro gets on SPAC train to $10.4B valuation station


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Next stop NASDAQ: eToro gets on SPAC train to $10.4B valuation station
The stock trading platform eToro will list on NASDAQ via SPAC merger. According to reports, existing stakeholders will keep over 90% of shares.
Yaneev Avital
/
17 Mar 2021

2 min read
Another week and another Israeli Unicorn is going public. This time fintech company eToro has joined the SPAC train, becoming one of Israel’s 10 biggest companies in the process.
Over 75 million trades in a month
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. ....

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