Page 20 - ஃபிண்டெக் கையகப்படுத்தல் கார்ப் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

by CNN March 17, 2021 . Robinhood is widely expected to go public later this year despite the public relations black eye it received during the Reddit-induced GameStop mania. But another rapidly growing online trading rival will beat it to the market. EToro, a broker with more than 20 million users, said Tuesday that it is merging with FinTech Acquisition Corp. V, a publicly traded special purpose acquisition company or SPAC, in a deal worth $10.4 billion. Shares of FinTech Acquisition Corp. V surged more than 25% on the news. The deal is the latest example of the market’s love affair with SPACs, the use of so-called blank check firms to go public. It’s a suddenly trendy way for private companies to access Wall Street money and get listed on public exchanges without having to file as much regulatory paperwork as is required for a more standard initial public offering.

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