Hello guys, today I come to give you great news, the eToro broker platform is preparing to go public but for this it will merge with a special purpose acquisition vehicle (SPAC),
called FinTech Acquisition Corp. V to make the leap to the Nasdaq without implying the placement of new shares on the market.
The integration of the free broker with this vehicle will have a joint valuation of about 10.4 billion dollars, about 8.7 billion euros.
EToro's first step will be to put in 650 million capital, money from large investors such as ION Investment Group, Softbank Vision Fund 2, Third Point LLC, Fidelity Management & Research Company LLC, and Wellington Management. The operation also includes, according to eToro, a gross income of 250 million dollars from the treasury of Fintech V
Today it has more than 20 million users from 80 countries.
Today it has more than 20 million users from 80 countries
And in January 2021 in January this year it has incorporated more than 1.2 million users in full frenzy of Reddit foreros and its commitment to securities such as GameStop. In January alone, it executed more than 75 million operations.
We will be before you for the day it comes out and we will be up to date with the news as many others.
It falls a little short so I'm sorry family and go very well!