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EToro's New Users Increased By 3.1 Million In Q1, A Year-On-Year Increase Of Over 200%
Summary: EToro, the Israel-based trading platform, saw its new users increased by 3.1 million in the first quarter, an increase of more than 200% year-on-year, as reported by Financial News. With a total of approximately 20 million registered users, the company plans to go public through a merger with FinTech Acquisition Corp. V led by Betsy Cohen. The ...
EToro, the Israel-based trading platform, saw its new users increased by 3.1 million in the first quarter, an increase of more than 200% year-on-year, as reported by Financial News.
With a total of approximately 20 million registered users, the company plans to go public through a merger with FinTech Acquisition Corp. V led by Betsy Cohen. The implied equity value after the merger is approximately $10.4 billion, so the implied valuation of eToro is approximately $9.6 billion.
In the draft registration statement of the Securities and Exchange Commission, eToro stated that the merger is expected to be completed in the third quarter, subject to shareholders and regulatory approval.
By Mary Liu
Tags: etoro
Link: EToro's New Users Increased By 3.1 Million In Q1, A Year-On-Year Increase Of Over 200% [Copy]
