You are here: Home » International » News » Companies
Business Standard

eToro to go public through $10.4-bn SPAC deal backed by SoftBank, others

eToro competes with Robinhood, which has become hugely popular with young investors for its easy-to-use interface

Topics
SoftBank

Reuters 

Online stock brokerage eToro said on Tuesday it will go public through a merger with a blank-check firm backed by banking entrepreneur Betsy Cohen in a $10.4 billion deal, with investment from SoftBank's Vision Fund 2. EToro competes with Robinhood, which has become hugely popular with young investors for its easy-to-use interface. Robinhood has emerged as a gateway for amateur traders challenging Wall Street hedge funds. The deal with FinTech Acquisition Corp V, a special purpose acquisition company, will include a $650 investment from investors including Fidelity ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, March 16 2021. 20:46 IST
RECOMMENDED FOR YOU
.