FinTech Acquisition Corp. V (FTCV) to Combine with eToro in $9.6Bn Deal

FinTech V (NASDAQ:FTCV) has entered into a definitive agreement to combine with eToro at an enterprise value of $9.595 billion, or 9.7x its 2022E revenue. eToro is an online multi-asset investment platform with features like social investing and proprietary “smart portfolios.” The parties expect to complete the deal in the third quarter of 2021. Transaction
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