From CNBC:

Webull, a digital investing platform, plans to go public through a $7.3 billion SPAC merger with SK Growth Opportunities Corporation in the second half of the year, pending approvals. The New York-based online brokerage saw a surge during the pandemic, with $370 billion in equity notional volumes traded in 2023.

SPACs, or special purpose acquisition companies, which raise capital to merge with private firms, are experiencing a resurgence after a two-year lull. Webull, launched in the U.S. in 2018, caters to active and advanced investors who utilize tools like charting to inform their trading decisions. The firm has had success compared to competitors like Robinhood.



Read more: Online trading platform Webull is set to go public via a $7.3 billion SPAC deal