Israeli broker eToro is planning for a merger with a blank-check acquisition company to publicly list its shares on the Nasdaq, according to Finance Magnates, citing earlier reporting from local news agency Calcalist.
In addition, the report outlined that the trading company, which recently revealed that the total number of traders jumped to 20 million, is looking for a listing valuation of $10 billion.
However, eToro dismissed the report, calling it a rumor. Read more.
