eToro eyes IPO as 2023 Revenues stabilize at $630 million
eToro has purchased a company called Deep, which focuses on content automation.
eToro has purchased a company called Deep, which focuses on content automation.
The cancellation of the ThinkMarkets-FG deal marks the third consecutive failed attempt of a Retail FX and CFDs broker to go public.
The decision to cancel the ThinkMarkets merger with FG Acquisition Corp was apparently a mutual one.
When ThinkMarkets announced that it was going public by merging with FG, the plan was for the deal to be completed by the end of July 2023.
ThinkMarkets posted total losses of USD $20.7 million over the past two years, financing its cash outflow from increased borrowing.
The deal will give ThinkMarkets a pre-merger valuation of USD $160 million.
The Saxo deal the second failed attempt by a Retail FX and CFDs broker to go public via the SPAC route, in just the past six months.
FinTech Acquisition Corp. V was set up by legendary financier and founder of Jefferson Bank and The Bancorp, Betsy Cohen.
SIX Swiss Exchange today welcomed VT5 Acquisition Company AG – the first SPAC to be listed in Switzerland.
The eToro-SPAC merger is still scheduled to close in Q4-2021, bringing eToro public at a valuation of about $10 billion.