Digital investment platform Webull Corporation is going public via a SPAC merger announced Wednesday. The news comes years after reports that Webull was nearing an IPO to go public.
What Happened: The digital investment company will merge with publicly listed SPAC SK Growth Opportunities Corporation (NASDAQ:SKGR).
The deal values the digital investment platform company at an enterprise value of $7.3 billion.
If the merger is approved, the new company will list as Webull Corporation with an unannounced new ticker symbol.
Investors in Webull include General Atlantic, Coatue Management, Lightspeed Venture Partners and J. Rothschild Capital Management.
Related Link: How To Buy Stocks On Webull
About Webull: According to the press release, Webull has over 20 million registered users globally. The company offers zero-commission trading in the United States and also offers low trading commissions in other markets.
The company said it is built with "next-generation, global infrastructure" and differentiates itself from other investment platforms through its user experience and "extensive functionality."
Webull launched in the United States in 2018 and later expanded to Europe, Latin America and the Asia Pacific region. The company said it operates in 15 global regions.
In 2023, Webull had $370 billion in equity volumes and 430 million options contracts traded on its platform.
"Webull addresses critical pain points within the retail investing customer landscape, where traditional providers offer restricted mobile functionality and are suited for investors behind a computer," Webull Corporation Group President Anthony Denier said.
What's Next: The company highlighted several upcoming growth items, including increased retail participation in the markets and the globalization of retail investors.
"The business combination with SK Growth marks a significant milestone for Webull. We believe SK Growth's partnership and experience fully aligns with our long-term vision to make Webull the platform of choice for the new generation of investors globally," Webull CEO and founder Anquan Wang said.
SK Growth Opportunities Corporation CEO Richard Chin said the merger will help Webull expand to new markets.
SKGR Price Action: SK Growth Opportunities shares are up 5% to $11.50 on Wednesday, versus a 52-week trading range of $10.35 to $11.60.
Read Next: Webull Celebrates Anniversary With Launches Ushering 'Future Of Retail Investing'
Photo: Shutterstock
數字投資平台Webull將通過週三宣佈的SPAC合併上市。該消息是在有報道稱微牛即將進行首次公開募股上市多年後發佈的。
發生了什麼：這家數字投資公司將與上市的SPAC SK增長機會公司（納斯達克股票代碼：SKGR）合併。
該交易對這家數字投資平台公司的估值爲73億美元。
如果合併獲得批准，新公司將以未公佈的新股票代碼作爲微牛公司上市。
微牛的投資者包括通用大西洋、Coatue管理公司、Lightspeed Venture Partners和J.Rothschild資本管理公司。
相關鏈接：如何在微牛上購買股票
關於微牛：根據新聞稿，微牛在全球擁有超過2000萬註冊用戶。該公司在美國提供零佣金交易，並在其他市場提供低交易佣金。
該公司表示，它採用 “下一代全球基礎設施” 構建，並通過其用戶體驗和 “廣泛功能” 將自己與其他投資平台區分開來。
Webull於2018年在美國推出，後來擴展到歐洲、拉丁美洲和亞太地區。該公司表示，其業務遍及全球15個地區。
2023年，微牛的股票交易量爲3700億美元，在其平台上交易了4.3億份期權合約。
微牛公司集團總裁安東尼·德尼爾說：“微牛解決了零售投資客戶格局中的關鍵痛點，傳統提供商提供受限的移動功能，適合計算機背後的投資者。”
下一步是什麼：該公司重點介紹了幾項即將到來的增長項目，包括增加零售對市場的參與和散戶投資者的全球化。
“與SK Growth的業務合併對微牛來說是一個重要的里程碑。我們相信SK Growth的合作伙伴關係和經驗完全符合我們的長期願景，即使微牛成爲全球新一代投資者的首選平台。” 微牛首席執行官兼創始人王安泉說。
SK增長機會公司首席執行官理查德·欽表示，此次合併將幫助微牛擴展到新市場。
SKGR價格走勢：週三，SK增長機會股價上漲5％，至11.50美元，而52周的交易區間爲10.35美元至11.60美元。
繼續閱讀：微牛慶祝週年紀念，推出了 “零售投資的未來”
照片：Shutterstock
