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Fintech

Digital broker eToro delays $10.4bn Spac listing until end of the year

Merger pushed to fourth quarter amid increased regulatory scrutiny of Spacs

Yoni Assia, co-founder and chief executive of eToro, will now list his business in a merger with Betsy Cohen's Fintech Acquisition Corp in the fourth quarter of 2021
Yoni Assia, co-founder and chief executive of eToro, will now list his business in a merger with Betsy Cohen's Fintech Acquisition Corp in the fourth quarter of 2021 Photo: Corbis via Getty Images

Commission-free stock broker eToro said its Wall Street debut will be delayed because of regulatory hurdles for special purpose acquisition companies.

EToro now expects to go public in the fourth quarter of this year, Financial News can reveal, as part of a merger with a with prolific investor Betsy Cohen’s Fintech Acquisition Corp.

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