FinTech Acquisition Corp. V (FTCV) To Merge With Digital Brokerage eToro – Stock Shoots Up By 15%! Mar 16, 2021 08:59 EDT
Social trading and multi-asset brokerage firm eToro has announced its decision to merge with a special purpose acquisition company (SPAC) FinTech Acquisition Corp. V (FTCV). The deal envisions the new entity to have a market value of $10.5 billion and a $650 investment from private investors. Shares of FTCV have jumped by as much as 16% in pre-market today, making the announcement a rare instance of retail investor interest in non-EV SPACs.
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