eToro record-breaking merger at a value of USD 10.4 billion
Meitar has advised eToro on a record-breaking merger with FinTech Acquisition Corp. V, at a value of USD 10.4 billion.
eToro has developed a platform to manage investments for private investors and has enjoyed a sharp increase in its value since the pandemic’s outbreak.
The 2020 financial crisis turned young investors into one of the most significant players in the stock market, and that has helped eToro enjoy an unprecedented year, recruiting 5 million new users, and climbing to a total of 17 million registered customers.
Ironically, Israeli customers can’t trade using the eToro platform, as it doesn’t have approval from the local regulator. eToro has been recognized by regulatory authorities in the U.K, Australia, and Cyprus, and has gained popularity in European and Asian countries.
The Meitar team advising eToro included Dan Shamgar, Jonathan Irom, David Glatt, Dr. Michael Bricker, Keren Shitrit, Maor Hakak, Yuval Sasson, Ram Landa, Lilach Shacham Kaneti, Yuval Levison, Noam Loshinsky, Lilach Gur and Noa Haimi Cohen.
FinTech Acquisition Corp. V was represented by Gornitzky & Co. with Corporate and M&A – Timor Belan, Netanel Kahane, Shir Hershkovitz and Desirée Reichman; Tax – Daniel Paserman, Dr. Assaf Prussak, Lilach Shamir andNir Moses; Privacy – Assaf Harel; and Labor – Michael Ayalon and Keren Ovadia.
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