Norton1973
4年前
eToro Group Ltd. (“eToro” or the “Company”), a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors, announced today that the company will participate at the upcoming....
Morgan Stanley Virtual Financials, Payments and CRE Conference that is being held on Monday, June 14 to Wednesday, June 16, 2021.
At 3:30 p.m. ET on June 16, Yoni Assia, Co-founder and Chief Executive Officer of eToro will participate in a fireside chat. A live audio webcast will be accessible to the general public through the conference link and on the eToro investor relations site.
On March 16, 2021, eToro and FinTech Acquisition Corp. V (NASDAQ, $FTCV), a publicly-traded special purpose acquisition company, entered into a definitive business combination agreement that would result in eToro becoming a public company.
Norton1973
4年前
EToro: FinTech Acquisition Corp V (NASDAQ:FTCV) is bringing social investment network eToro public in a deal valuing the company at $10.4 billion.
EToro launched Bitcoin trading in 2013 on its platform. In 2020, 44% of assets were in equities, 32% in commodities, 16% in crypto and 8% in currencies.
In 2020, the company added over five million new registered users to end the year with 17.5 million. The company’s total of registered accounts grew in 2021 to 18.7 million in January and 20 million in March.
The company’s users completed an average of eight million monthly trades in 2019 and 27 million monthly trades in 2020.
The company plans to launch stock trading in the U.S. market in 2021 to complement its existing crypto and social trading platforms.
EToro had revenue of $650 million in fiscal 2020, a 147% year-over-year increase. The company is guiding for revenue to hit $1.0 billion in fiscal 2021 and $1.2 billion in fiscal 2022.
With its strong brand awareness and heavy marketing, eToro is quickly becoming known as a stock trading and crypto trading platform. The company could trade higher on a successful Coinbase IPO.
FTCV, EToro will benefit from a Coinbase IPO
TallTrader
4年前
eToro, the world’s leading social investment network, to become publicly traded through business combination with FinTech Acquisition Corp. V
- Company expected to have an estimated implied equity value of approximately $10.4 billion
- Global multi-asset investment platform capitalizing on secular trends: rise of digital wealth platforms, growing retail participation, and mainstream crypto adoption
- In 2020, eToro added over 5 million new registered users and generated gross revenues of $605 million
- Added over 1.2 million new registered users and executed more than 75 million trades in January 2021 alone
- Transaction includes commitments for a $650 million common share private placement from leading investors including ION Investment Group, Softbank Vision Fund 2, Third Point LLC, Fidelity Management & Research Company LLC, and Wellington Management.
- Investor call scheduled for March 16, 2021 at 8:00 AM Eastern
https://www.globenewswire.com/news-release/2021/03/16/2193475/0/en/eToro-the-world-s-leading-social-investment-network-to-become-publicly-traded-through-business-combination-with-FinTech-Acquisition-Corp-V.html