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Technology Stocks : Fintech -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (218)	7/1/2022 7:37:29 AM
From: Sun Tzu	Read Replies (1) \| Respond to of 245

The valuation was dropped to $8.8 billion, based on SEC filings. As part of the FinTech Acquisition Corp. V deal, the combined company was expected to get over $400 million in private investment in public equity funding, according to the SEC. The merger was going to inject $250 million into eToro from the SPAC, and another $650 million from PIPE funding. This news follows a broader trend of other tech companies abandoning plans for a SPAC merger due to stock market instability. Media company Forbes canceled plans in early June, and SeatGeek, a ticketing app did the same in May. This part is making my point. And btw, not just fintechs, any IPO over the next 12 months is more likely to be good than bad. You just need to be sure that they raise enough money to last another 3 years.