Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

eToro Plans to Abandon its Deal to Go Public via SPAC - Reports

Stock Markets Jun 30, 2022 18:02
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

By Davit Kirakosyan

eToro Group Ltd., an online brokerage, and Fintech Acquisition Corp V (NASDAQ:FTCV), a special purpose acquisition company, plan to abandon the deal to take the company public, The Information reported Thursday afternoon citing a person familiar with the matter,

Similar to other tech and media companies, eToro backed off the SPAC deal to take it public amid the tech stock and crypto sell-off. eToro had been skewing heavily toward cryptocurrencies. In the fourth quarter of 2021, the company added nearly 300,000 net new funded accounts.

eToro Plans to Abandon its Deal to Go Public via SPAC - Reports
 

Related Articles

Siemens Energy Falls After Lowering Full-Year Outlook
Siemens Energy Falls After Lowering Full-Year Outlook By Investing.com - Aug 08, 2022

By Geoffrey Smith  Investing.com -- Siemens Energy (ETR:ENR1n) stock fell at the opening in Europe on Monday after the maker of wind and steam turbines and grid solutions said its...

Joules Confirms Next is Set to Take Strategic Stake
Joules Confirms Next is Set to Take Strategic Stake By Investing.com - Aug 08, 2022

By Geoffrey Smith Investing.com -- Joules (LON:JOUL) confirmed weekend reports on Monday that it is in talks with larger rival Next (LON:NXT) for the latter to take a...

European Stocks Higher; M&A Deals Help Positive Mood
European Stocks Higher; M&A Deals Help Positive Mood By Investing.com - Aug 08, 2022

By Peter Nurse Investing.com - European stock markets traded higher Monday, as investors digested more corporate earnings at the start of a week that includes the release of key...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email