ThinkMarkets to go public through a SPAC deal in Canada LeapRate

May 15, 2023 BY Steffy Bogdanova

ThinkMarkets to go public through a SPAC deal in Canada

ThinkMarkets specializes in providing retail trading services and has expanded its institutional presence through a liquidity provisioning platform launched in 2021. The recent announcement highlighted that the broker serves 138,500 clients across 165 countries. It experienced a compound annual growth rate (CAGR) of 24 percent and generated $62 million in revenue in 2022. As part…

December 07, 2022 BY Steffy Bogdanova

Saxo Bank drops plans for public listing, terminates SPAC deal

With the now failed merger, the broker initially aimed to diversify its shareholder base, as well as accelerate its growth strategy. Saxo’s SPAC partner, DCAC is now considering other option. The company stated: DCAC is contemplating its options, taking into account its business combination deadline of 11 January 2023, subject to potential extension. Saxo is…

September 15, 2022 BY Steffy Bogdanova

Saxo Bank confirms plans to explore Euronext Amsterdam listing through SPAC deal

Saxo confirmed it is well capitalized and there will be no primary issue of shares with the listing and the merger will comprise a secondary sale of existing Saxo Bank shares. According to the official announcement, Saxo shareholders Geely Financials Denmark A/S and Sampo Plc, are planning to liquidating a part of their holdings. At…

June 03, 2021 BY Steffy Bogdanova

eToro files registration statement of its Spac acquisition

The two companies submitted a draft registration statement on Form F-4 to the SEC, which is technically not an IPO prospectus. After many publications in the media about the Israeli trading company’s intentions to go public, in March, eToro confirmed its plans to merge with blank check company FinTech Acquisition Corp. V and become listed on NASDAQ.…

March 17, 2021 BY Steffy Bogdanova

eToro confirms $10.4 billion SPAC merger

The announcement stated that existing eToro equity holders will retaining 91% ownership following the merger with FinTech V. The board of the directors of both companies have unanimously approved the merger, however it is still pending stockholder approvals. The deal is expected to close in the third quarter of 2021. Betsy Cohen, Chairman of the…

March 16, 2021 BY Steffy Bogdanova

eToro plans merger with Betsy Cohen SPAC for $10 billion Public Listing

Founded in 2007, eToro has become one of the major trading platforms in Europe, seen as a rival of Robinhood. The Israeli platform has 20 million registered users in dozens of countries. Fintech Acquisition Corp V is part of Special-purpose acquisition companies (SPACs), also known as black "blank check companies", led by well-known business person…

Tag: SPAC