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eToro, the world’s leading social investment network, to

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TallTrader Member Level  Tuesday, 03/16/21 10:56:58 AM
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eToro, the world’s leading social investment network, to become publicly traded through business combination with FinTech Acquisition Corp. V


- Company expected to have an estimated implied equity value of approximately $10.4 billion
- Global multi-asset investment platform capitalizing on secular trends: rise of digital wealth platforms, growing retail participation, and mainstream crypto adoption
- In 2020, eToro added over 5 million new registered users and generated gross revenues of $605 million
- Added over 1.2 million new registered users and executed more than 75 million trades in January 2021 alone
- Transaction includes commitments for a $650 million common share private placement from leading investors including ION Investment Group, Softbank Vision Fund 2, Third Point LLC, Fidelity Management & Research Company LLC, and Wellington Management.
- Investor call scheduled for March 16, 2021 at 8:00 AM Eastern

https://www.globenewswire.com/news-release/2021/03/16/2193475/0/en/eToro-the-world-s-leading-social-investment-network-to-become-publicly-traded-through-business-combination-with-FinTech-Acquisition-Corp-V.html

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