eToro, a commission-free stock broker, recently delayed its SPAC until the fourth quarter of 2021. The company plans to go public via Betsy Cohen’s Fintech Acquisition Corp. with an anticipated valuation of $10.4B. The announcement comes as regulatory pressure around SPACs continues to build, and many transactions are taking longer for the SEC to approve, particularly in fintech.
Digital broker eToro delays $10.4bn SPAC listing until end of the year
