FinTech Acquisition Corp V - Ordinary Shares - Class A

NASDAQ:FTCV   3:59:42 PM EDT
10.40
-0.02 (-0.19%)
Exchange Changes, Mergers / Acquisitions, Equity Financing / Related

Etoro To Become Publicly Traded Through Business Combination With FinTech Acquisition Corp V

Published: 03/16/2021 11:23 GMT
FinTech Acquisition Corp V - Ordinary Shares - Class A (FTCV) - Etoro, the World’s Leading Social Investment Network, to Become Publicly Traded Through Business Combination With Fintech Acquisition Corpvfintech Acquisition Corp V - Company Expected to Have an Estimated Implied Equity Value of Approximately $10.4 Billion.
Fintech Acquisition Corp V - Combined Company Will Operate As Etoro Group Ltd and is Expected to Be Listed on Nasdaq.
Fintech Acquisition Corp V - in 2020, Etoro Added Over 5 Million New Registered Users and Generated Gross Revenues of $605 Million.
Fintech Acquisition Corp - Deal Includes Commitments for $650 Million Common Share Private Placement From Investors Including Softbank Vision Fund 2.
Fintech Acquisition Corp V - Existing Etoro Equity Holders Will Remain Largest Investors in Combined Co.
Fintech Acquisition Corp V - Existing Etoro Equity Holders Wil Retain About 91% Ownership in Combined Co Immediately After Combination.
Fintech Acquisition Corp V - Deal Includes Commitments From Third Point Llc, Fidelity Management & Research Company Llc, and Wellington Management.
Fintech Acquisition Corp V - Combined Co Expected to Have Approximately $800 Million Net Cash on Its Balance Sheet.
Fintech Acquisition Corp V - in January 2021, Etoro Added Over 1.2 Million New Registered Users to Social Network.
Fintech Acquisition Corp V - in January 2021, Etoro Saw Over 75 Million Trades Executed on Etoro Platform.