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NEWS

eToro to become USD10.4bn publicly traded business through combination with FinTech Acquisition Corp V

eToro to become USD10.4bn publicly traded business through combination with FinTech Acquisition Corp V

eToro Group Ltd, a multi-asset investment platform is to merge with FinTech Acquisition Corp V (FinTech V), a publicly-traded special purpose acquisition company (SPAC). The combined company will operate as eToro Group Ltd and is expected to be listed on NASDAQ with a value of approximately USD10.4 billion.

COMMENT

7IM finds opportunities in panic reaction

7IM finds opportunities in panic reaction

With the FTSE at 5,000, a panicky overreaction is a long-term opportunity according to 7IM. Terence Moll, Head of Investment Strategy at the firm says: “Shutting borders and keeping people inside their homes hurts economic growth. People will buy less, sell less, and make less. And it feels extremely uncomfortable in the Western world to be told that we cannot do certain things.