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New Deal


Announced

Webull to go public via a SPAC merger with SK Growth Opportunities in a $7.3bn deal.

Financials

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Transaction Value£5,755m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Domestic

Pending

Friendly

stock trading mobile application

United States

FinTech

Acquisition

Reverse Takeover

De-SPAC

Private

Merger

Single Bidder

Synopsis

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Webull, a stock trading mobile application that features commission-free stock and exchange-traded fund trading, agreed to go public via a SPAC merger with SK Growth Opportunities, a special purpose acquisition company, in a $7.3bn deal. "The business combination with SK Growth marks a significant milestone for Webull. 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," Anquan Wang, Webull Founder and CEO.

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