Webull Corporation, To Publicly List Through Business Combination With SK Growth Opportunities Corporation; Proposed Transaction Represents An Implied Pro Forma Enterprise Value Of ~$7.3B For The Combined Company
Portfolio Pulse from Benzinga Newsdesk
Webull Corporation is set to go public through a business combination with SK Growth Opportunities Corporation (NASDAQ:SKGR), valuing the combined entity at approximately $7.3 billion. The transaction, expected to close in the second half of 2024, will see Webull's shares listed on NASDAQ under a new ticker symbol. Webull, a leading digital investment platform, boasts 20 million registered users globally and operates in 15 regions with significant trading volumes. The merger is supported by notable institutional backers and aims to expand Webull's offerings and market presence.
February 28, 2024 | 2:09 pm
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SK Growth Opportunities Corporation (NASDAQ:SKGR) is merging with Webull Corporation, valuing the combined entity at about $7.3 billion. The merger is expected to close in the second half of 2024, with Webull's shares to be listed on NASDAQ under a new ticker.
The merger with Webull Corporation significantly enhances SK Growth's market position by combining with a leading digital investment platform. The high valuation of the combined entity at approximately $7.3 billion reflects positively on SKGR's investment appeal. The anticipation of the merger's completion and the potential for expanded offerings and market presence are likely to generate positive investor sentiment in the short term.
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