
Webull, a notable stock-trading fintech, has announced its decision to go public through a merger with SK Growth Opportunities Spa ($SKGR), in a SPAC deal valued at approximately $7.3 billion. This strategic move, expected to conclude around September 2024, is part of a broader trend of digital investing platforms seeking public trading status, reflecting a resurgence of interest in SPAC deals reminiscent of the 2020-2021 period. The deal, which has garnered attention from various news outlets, marks a significant exit in the venture capital world and is expected to position Webull competitively in the online brokerage market. Prior to the agreement, Webull made headlines by divesting its cryptocurrency exposure, a move that likely contributed to its pro forma enterprise value. The public listing on the Nasdaq is anticipated to raise around $100 million, further solidifying Webull's valuation north of $7 billion.







Trading platform Webull to list on Nasdaq via $7.3 bln SPAC deal https://t.co/3Y8hNCe3vg
Webull plans to go public via a SPAC merger with SK Growth Opportunities around September 2024 and expects to raise ~$100M, valuing the online brokerage at $7B+ (@hannahmiao_ / Wall Street Journal) https://t.co/iES6Hspkuf https://t.co/sT3uCWZF84
Online broker platform Webull shed its crypto exposure ahead of agreeing a #SPAC deal to go public, giving it a pro forma enterprise value of about $7.3 billion. @BTLipschultz https://t.co/rZZKLs8WbT via @technology