Webull, a Chinese-Owned Online Brokerage, Set to Go Public on Nasdaq

By
Lorenzo De Santis
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).

Webull, a Chinese-owned online brokerage, known for its popularity during the meme stock trading frenzy in 2021, is set to go public on the Nasdaq through a merger with SK Growth Opportunities. The deal is expected to raise about $100mn, giving the company an implied enterprise valuation of $7.3bn. However, questions arise about the company's valuation, given the lack of financial statements and voting rights. Investors are advised caution as the company's governance structure and potential stock volatility raise concerns. The expansion of PFOF and the industry comparison with Robinhood further add to the complexity. With many uncertainties in play, the impending public debut of Webull warrants a closer look.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings

We use cookies on our website to enable certain functions, to provide more relevant information to you and to optimize your experience on our website. Further information can be found in our Privacy Policy and our Terms of Service . Mandatory information can be found in the legal notice