Shares of global trading platform Webull (NASDAQ:BULL) continued to gain momentum following its debut in US markets via a Special Purpose Acquisition Company (SPAC) merger with SK Growth Opportunities Corporation last week.
Webull shares surged 243% to about $45.45 on Monday morning.
The stock debuted on the Nasdaq under the ticker symbol ‘BULL’ on April 11.
It closed out its first day of trading at $13.25, giving it a market cap of approximately $60.9 billion.
Notable investors include General Atlantic, Coatue Management, Lightspeed Venture Partners, and J Rothschild Capital Management.
Webull operates in 15 global regions, including North America, Europe, Latin America, and Asia-Pacific. It offers zero-commission trading in the US, extensive functionality for retail investors, and advanced tools for mobile-first trading.