Five Firms Guide eToro’s $10.4 Billion Go-Public SPAC Merger

Skadden, Arps and Israeli firm Meitar Law Offices are advising a social investment platform, eToro Group Ltd., on its go-public merger with FinTech Acquisition Corp. V, a special purpose acquisition company.

Morgan, Lewis & Bockius and Israeli firm Gornitzky & Co. are advising FinTech V.

After the transaction’s expected second-quarter closing, the combined company will operate as eToro Group Ltd. It is expected to be listed on the Nasdaq exchange, with an estimated equity value of around $10.4 billion, according to a statement.

The companies are raising about $650 million in equity from investors, with Davis Polk & Wardwell advising ...