The broker is planning eToro IPO – Media

The broker is planning eToro IPO – Media

(Bloomberg News Agency wrote this on Tuesday based on APM sources.

Agreement with Fintech Acquisition Corporation. Sources said the V consolidated company should be valued at about $ 10 billion.

EToro claims to have 20 million registered users in dozens of countries. The broker was established in 2007 and entered the US market in 2018.

It was announced last week that competitor Robinhood would be listed on the Nasdaq technology transfer. The broker did not charge direct transaction costs and popularity among American private individuals gained great impetus last year because most games were canceled due to corona restrictions, so it was not possible to gamble on the results.

An SPAC, or special-purpose acquisition company, is a hollow exchange shell designed to float companies in the stock market without going through the traditional IPO process.

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