Digital investment platform Webull to go public in $7.3bn SPAC deal

Webull Corporation is to publicly list following a merger with SK Growth Opportunities Corporation (SK Growth).

The SPAC deal would value the combined company at approximately $7.3 biillion.

The digital investment platform first launched in the US in 2018 and has since been downloaded more than 40 million times.

The company, which has 20 million registered users, has also now expanded to Asia Pacific, Europe and Latin America.

Anquan Wang, founder and chief executive of Webull Corporation said that the move marks a significant mile stone for the business.

"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," continued Wang.

The deal is expected to close in the second half of the year, subject to regulatory and shareholder approvals.



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