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EToro to go public through $10.4 bln merger with Betsy Cohen-backed SPAC

· 03/16/2021 07:15
EToro to go public through $10.4 bln merger with Betsy Cohen-backed SPAC

- EToro, a rival of online brokerage Robinhood, said on Tuesday it had agreed to go public through a merger with a blank-check firm backed by banking entrepreneur Betsy Cohen, valuing the equity of the combined firm at around $10.4 billion.


(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Anil D'Silva)

((noor.hussain@thomsonreuters.com; Within U.S. +1 646 223 8780; Outside U.S. +91 80 6182 2663 or +91 80 3796 2663 ;))