eToro Hones In On $1B Funding As SPAC Plans Setback


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


eToro is targeting a $1 billion funding round. The development comes as the social trading and investment network looks to circumvent its stalled attempt to go public.

The firm was looking to list via a merger with blank-check company FinTech Acquisition Corporation V (NASDAQ:FTCV).

Why Is This Happening: After markets took a dive, eToro, like most other brokers, wasn’t able to continue its previous growth trajectory and deliver, as easily, on the required closing conditions for its SPAC deal.

Just yesterday, Benzinga reported Freetrade’s CEO Adam Dodds talking about the implications of “the peak of the public markets” and how he was looking to get through “ups and downs” with a debt raise.

“That’s the point of raising these funds," Dodds said.


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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Posted In: FintechSmall CapAdam DoddseToroFinTech Acquisition Corporation VFreetradeSPACSPACs