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Online Broker eToro Seeks $10.4 Billion Value in SPAC Deal

By
Mark Di Stefano
· · Source: The Information

Israeli online broker eToro—one of the big beneficiaries of the recent day-trading boom—has announced it will go public via a merger with a special purpose acquisition company at a valuation of $10.4 billion. The share-trading platform, founded in Tel Aviv in 2007, said the company had agreed to go public by merging with a SPAC, Fintech Acquisition Corp V, led by the entrepreneur Betsy Cohen....

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