Posted 3/5/2024, 12:30:00 PM
Webull Goes Public In $7.3B SPAC Deal Despite Trailing Robinhood, SoFi In Customers And Assets
- Webull is going public through a merger with a special purpose acquisition company (SPAC)
- Recent SPAC deals have significantly underperformed the broader market
- Webull has fewer funded customer accounts and less assets than competitors Robinhood and SoFi
- Webull's proposed $7.3B valuation seems high given its smaller size compared to peers
- Investors may want to monitor Webull's progress as a public company before buying shares