Brokerage eToro Reportedly Considering IPO via SPAC

The New York Times obtained a draft of a regulatory filing that identified investors.

The company had previously said it aimed to close the deal by July.

An increasing number of acquisitions by blank check companies risk being derailed as retail investors fail to show up in sufficient numbers for critical shareholder votes on the deals, The Financial Times reports, citing industry executives.

Better.com’s boom in business, fueled by existing homeowners refinancing their mortgages, turned into a bust and the company began laying off workers in November 2021. It would continue to let go of workers throughout 2022 as it began to bleed cash and suffer from a number of high-profile missteps and bad publicity.