Robinhood rival eToro to go public through SPAC merger valuing the 'social investment network' at $9.6 bln

Dow Jones2021-03-16

MW Robinhood rival eToro to go public through SPAC merger valuing the 'social investment network' at $9.6 bln

EToro Group Ltd., the social investment network and Robinhood rival, announced Tuesday that it will be going public through a merger with special purpose acquisition company (SPAC) FinTech Acquisition Corp. V $(FTCV)$, in a deal that values eToro at about $9.6 billion. FinTech shares soared 17.1% in premarket trading, while futures for the S&P 500 edged up 0.1%. The company is expected to have about $800 million in cash on its balance sheet after closing, which is expected to occur in the third quarter of 2021. The combined company will operate as eToro Group Ltd. and will be listed on the Nasdaq exchange. EToro said it added more than 5 million new registered users in 2020 and revenue for the year rose 147% to $605 million. "Momentum is accelerating in 2021 as a new generation of investors discover the global markets," eToro said.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

March 16, 2021 09:20 ET (13:20 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

FiveStar
2021-03-16
FiveStar
彎道超車搶在Robinhood前上市

发表看法

1

4

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2119976593?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-03-16 21:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2119976593","market":"us","top_or_hot":-1,"title":"Robinhood rival eToro to go public through SPAC merger valuing the 'social investment network' at $9.6 bln","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Robinhood rival eToro to go public through SPAC merger valuing the 'social investment network' at $9.6 bln\n</p>\n<p>\n  EToro Group Ltd., the social investment network and Robinhood rival, announced Tuesday that it will be going public through a merger with special purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/FNTC\">FinTech Acquisition Corp.</a> V <a href=\"https://laohu8.com/S/FTCV\">$(FTCV)$</a>, in a deal that values eToro at about $9.6 billion. FinTech shares soared 17.1% in premarket trading, while futures  for the S&amp;P 500  edged up 0.1%. The company is expected to have about $800 million in cash on its balance sheet after closing, which is expected to occur in the third quarter of 2021. The combined company will operate as eToro Group Ltd. and will be listed on the Nasdaq exchange. EToro said it added more than 5 million new registered users in 2020 and revenue for the year rose 147% to $605 million. \"Momentum is accelerating in 2021 as a new generation of investors discover the global markets,\" eToro said. \n</p>\n<p>\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  March 16, 2021 09:20 ET (13:20 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood rival eToro to go public through SPAC merger valuing the 'social investment network' at $9.6 bln</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood rival eToro to go public through SPAC merger valuing the 'social investment network' at $9.6 bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 21:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MW Robinhood rival eToro to go public through SPAC merger valuing the 'social investment network' at $9.6 bln\n\n\n  EToro Group Ltd., the social investment network and Robinhood rival, announced Tuesday...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FTCV","symbol_name":"Fintech Acquisition Corp V","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2119976593","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2119976593","pubTimestamp":1615900800,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MW Robinhood rival eToro to go public through SPAC merger valuing the 'social investment network' at","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FTCV":"Fintech Acquisition Corp V"},"translate_title":"Robinhood的竞争对手eToro将通过SPAC合并上市，对“社交投资网络”的估值为96亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FTCV":0.9},"content_text":"MW Robinhood rival eToro to go public through SPAC merger valuing the 'social investment network' at $9.6 bln\n\n\n  EToro Group Ltd., the social investment network and Robinhood rival, announced Tuesday that it will be going public through a merger with special purpose acquisition company (SPAC) FinTech Acquisition Corp. V $(FTCV)$, in a deal that values eToro at about $9.6 billion. FinTech shares soared 17.1% in premarket trading, while futures  for the S&P 500  edged up 0.1%. The company is expected to have about $800 million in cash on its balance sheet after closing, which is expected to occur in the third quarter of 2021. The combined company will operate as eToro Group Ltd. and will be listed on the Nasdaq exchange. EToro said it added more than 5 million new registered users in 2020 and revenue for the year rose 147% to $605 million. \"Momentum is accelerating in 2021 as a new generation of investors discover the global markets,\" eToro said. \n\n\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  March 16, 2021 09:20 ET (13:20 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":325527408,"gmtCreate":1615907706304,"gmtModify":1703494925084,"author":{"id":"3548990198718312","authorId":"3548990198718312","name":"FiveStar","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3548990198718312","authorIdStr":"3548990198718312"},"htmlText":"彎道超車 搶在Robinhood前上市","listText":"彎道超車 搶在Robinhood前上市","text":"彎道超車 搶在Robinhood前上市","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325527408","repostId":2119976593,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":4,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2119976593"}