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Israel's eToro to go public through $10.4 billion SPAC deal backed by SoftBank, others

2 Min Read (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 SoftBankโ€™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 spec...
New Zealand General New Zealand Shounak Dasgupta Noor Zainab Hussain Betsy Cohen Thomson Reuters Trust Principles

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