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Online trading platform Webull is set to go public via a $7.3 billion SPAC deal - TL;DR CNBC

Online trading platform Webull is set to go public via a $7.3 billion SPAC deal

Publishing timestamp: 2024-02-28 14:40:51


Summary

Webull is planning to go public through merging with a special purpose acquisition company, valuing the digital investing platform at $7.3 billion. The combined company will be listed on Nasdaq as Webull. Webull saw a boost during the Covid-19 pandemic and is known for having more active and advanced investors compared to its competitor Robinhood.


Sentiment: NEUTRAL

Tickers: UNDEFINEDHOOD

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Source: https://www.cnbc.com/2024/02/28/online-trading-platform-webull-is-set-to-go-public-via-a-7point3-billion-spac-deal.html


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