Robinhood rival EToro plans $10bn deal to go public via SPAC
Israel-based trading platform to merge with tycoon Betsy Cohen’s blank cheque firm
16 March 2021 - 22:54
Israel-based trading platform EToro, a rival to Robinhood Markets, plans to go public via a merger with a blank-cheque firm led by serial dealmaker Betsy Cohen.
The agreement with FinTech Acquisition Corporation V values the combined company at about $10.4bn, according to a statement Tuesday confirming a Bloomberg report. The companies are raising about $650m in equity to support the deal...
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