IPOs

EToro CEO Assia on Spac plans and his ‘great list of long-term strategic investors’

EToro boss Yoni Assia talks the 'insane' Spac market as his trading platform aims to conquer it

Yoni Assia, co-founder and chief executive of eToro, said he'll be following the Robinhood IPO 'closely'
Yoni Assia, co-founder and chief executive of eToro, said he'll be following the Robinhood IPO 'closely' Photo: Horacio Villalobos/Getty Images

The Spac boom might be fading away, but trading platform eToro has high hopes that going public through a blank-cheque company will give it the boost it needs to execute ambitious growth plans.

Chief executive Yoni Assia said the firm will be "following the Robinhood IPO closely," as the US retail trading platform debuts its shares to the public on 29 July. He earlier spoke with Financial News about why an eToro Spac might still be attractive to retail investors, and where the market is heading next. Responses have been edited for brevity and clarity.

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