eToro plans to go public with an estimated value of $ 10.4 billion

There is another representative of the trend of companies offering public crypto services: the multi-wealth brokerage firm eToro. Movement, FinTech Acquisition Corp. It will be possible after merging with a Special Purpose Acquisition Company (SPAC). V. Commodities, founded in 2007. Reuters reported earlier today about the company's plans to go public. The company will adopt a process that has gained popularity recently through a merger with a blank check company (PSPC). In EToro's case, SPAC is called FinTech Acquisition Corp V and is backed by banking entrepreneur Betsy Cohen. Preliminary estimates show that the equity of the combined business is $ 10.4 billion. Yoni Assia, CEO of EToro, called the move "an important milestone" because the company will also allow users to invest in their shares. Being a public company will support our growth as a business. This will enable us to continue to increase our market share, expand into new markets and offer innovative products to meet the ever-changing needs of our customers. – added. Yoni Assia, CEO of EToro. Source: CryptoPotato YouTube As CryptoPotato previously reported, there are several other companies that have announced their intention to go public in the cryptocurrency space. US Coinbase announced its plans at the end of 2020 and later announced that it will do so through a direct listing rather than an initial public offering (IPO). Bakkt, a Bitcoin futures trading platform operated by the Intercontinental Exchange (ICE), also took advantage of the SPAC route by merging with VPC Impact Acquisition Holdings.

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