What happened and why eToro announced the choice for a SPAC merger ahead of bringing the company into the public listing world. The merger with FinTech Acquisition Corp. V- branded eToro Group Ltd - will raise the company’s valuation to a whopping $10.4bn. Bring in the calculators...eToro also disclosed where part of the funds will be coming from:$650m - private equity from private placement.$250m - FinTech V’s cash in trust.$10 - the share price for private investors like Fidelity, Softbank and ION Investment. Special Purpose Acquisition Company (SPAC)… An alternative to the classic IPO which has gained in popularity in recent years, as it’s offering a faster and easier path to public listing. Shiny numbers… eToro will be going public on the stock market after registering promising numbers in 2020:5 million new users$605m gross revenue147% year-on-year growth The Takeaway ✔️ Last checks… Both SPAC and eToro have given their seal of approval for the merger and all that’s left is it’s shareholders’ agreement signatures for things to kick off. All going smoothly, the trading platform is looking at going public on Nasdaq in Q3 2021.