Webull To Go Public With SPAC Merger: What Investors Need To Know
Portfolio Pulse from Chris Katje
Webull Corporation is going public through a SPAC merger with SK Growth Opportunities Corporation (NASDAQ:SKGR), valuing Webull at $7.3 billion. The merger will see Webull, a digital investment platform with over 20 million users and significant trading volumes, list under a new ticker. Investors include General Atlantic and Coatue Management. SKGR's stock rose 5% on the announcement.
February 28, 2024 | 2:48 pm
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SK Growth Opportunities Corporation (SKGR) is merging with Webull, valuing the latter at $7.3 billion. SKGR's stock rose 5% following the announcement.
The announcement of the merger with Webull, a significant player in the digital investment space, has positively impacted SKGR's stock price, indicating investor optimism about the merger's potential benefits.
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