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Date 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 IO...

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Digital trading platform eToro has revealed its desire to become a publicly-traded company following a merger that values the company at an estimated $10.4billion. The Israeli-based brokerage firm said it has entered a deal to combine with the special purpose acquisition company (SPAC) Fintech V, which was set up by prominent SPAC investor and Jefferson Bank founder Betsy Cohen. It hopes to be listed on the technology-focused Nasdaq stock exchange when the transaction is finalised and the new company will operate as eToro Group.  EToro said it has entered a deal with the special purpose acqu...