eToro's public debut via SPAC delayed on regulatory hurdles - Financial News

Digital broker eToro's combination with Betsy Cohen's Fintech Acquisition V (NASDAQ:FTCV) SPAC is now expected to occur in Q4 2021, Financial News reports. The move to go public is being delayed by regulatory scrutiny of special purpose acquisition companies, the publication said. In July, The Times of Israelpublished a detailed report on eToro's business model, raising concern over potential conflicts of interest with its retail customers. When the companies first announced the deal in March 2021, they expected to close the transaction in Q3 of this year.