Webull Stock Surges Nearly 480% Following SPAC Merger Debut

The fintech platform's trading debut on Nasdaq under the ticker 'BULL' reflects strong investor enthusiasm, marking a significant milestone after its postponed IPO plans.

Webull went public through a SPAC merger with SK Growth Opportunities, finalizing the deal in February 2024.
The company's stock, trading under the ticker 'BULL', soared by as much as 478% in midday trading on Monday, reaching an intraday high of $79.56.
Webull initially planned an IPO during the 2021 stock market boom but delayed due to market volatility in 2022.
Founded in 2016, Webull boasts 20 million global users, 4.3 million funded accounts, and $8.2 billion in customer assets as of 2023.
The dramatic stock surge highlights renewed investor confidence in fintech and SPACs, positioning Webull as a key player in the retail investing sector.