Webull Shares Fall Over 70% After Nasdaq Debut Despite Initial Surge

Webull entered the public markets this week, sending
its stock price soaring nearly 372% just a day after its Nasdaq debut. The stock-trading app’s explosive rise follows its
merger with SK Growth Opportunities Corp., a special-purpose acquisition
company, pushing Webull’s valuation to almost $30 billion in record time.

Stock Price Drops Over 76%

However, the price has since declined from its peak.
According to TradingView data, BULL is changing hands for $35, a decline of 76%
from its peak. With its shares now listed under the ticker “BULL,”
Webull’s market entry signals both investor appetite for digital brokerage
platforms and renewed interest in select SPAC deals, even as the broader SPAC
trend has cooled.

Webull first gained traction in the U.S. in 2020 when
retail investors, many flush with stimulus checks, turned to the app for
commission-free trading. It now operates in 15 regions globally, claiming over
23 million registered users and more than 50 million app downloads.

The company offers trading in stocks, ETFs, options,
and cryptocurrencies, along with charting tools, watchlists, and a premium tier
that costs $40 annually.

Founded by former Alibaba and Xiaomi executive Wang
Anquan, Webull now sits alongside Robinhood, Charles Schwab, and E-Trade in the
increasingly crowded retail trading space.

Questions Around Global Operations

Webull’s path to Nasdaq came through its combination
with SK Growth Opportunities Corp., whose shareholders approved the deal on
March 30. As part of the transaction, SK Growth became a wholly owned
subsidiary, and its securities were converted into Webull shares and warrants.
Trading under the symbols “BULL,” “BULLW,” and “BULLZ,” Webull marked its
market debut by ringing the opening bell at Nasdaq on April 11.

Despite the market enthusiasm, Webull faces scrutiny
over its international ties. In November, the U.S. House Select Committee on
the Chinese Communist Party contacted Denier regarding the company’s
potential links to China.

Still, with a multibillion-dollar valuation and fresh
visibility, Webull appears well-positioned for the next chapter. As trading
apps continue to reshape how individual investors engage with markets, Webull’s
meteoric rise could signal a broader shift in how fintech companies approach
public listings in a post-SPAC-boom world.

Webull entered the public markets this week, sending
its stock price soaring nearly 372% just a day after its Nasdaq debut. The stock-trading app’s explosive rise follows its
merger with SK Growth Opportunities Corp., a special-purpose acquisition
company, pushing Webull’s valuation to almost $30 billion in record time.

Stock Price Drops Over 76%

However, the price has since declined from its peak.
According to TradingView data, BULL is changing hands for $35, a decline of 76%
from its peak. With its shares now listed under the ticker “BULL,”
Webull’s market entry signals both investor appetite for digital brokerage
platforms and renewed interest in select SPAC deals, even as the broader SPAC
trend has cooled.

Webull first gained traction in the U.S. in 2020 when
retail investors, many flush with stimulus checks, turned to the app for
commission-free trading. It now operates in 15 regions globally, claiming over
23 million registered users and more than 50 million app downloads.

The company offers trading in stocks, ETFs, options,
and cryptocurrencies, along with charting tools, watchlists, and a premium tier
that costs $40 annually.

Founded by former Alibaba and Xiaomi executive Wang
Anquan, Webull now sits alongside Robinhood, Charles Schwab, and E-Trade in the
increasingly crowded retail trading space.

Questions Around Global Operations

Webull’s path to Nasdaq came through its combination
with SK Growth Opportunities Corp., whose shareholders approved the deal on
March 30. As part of the transaction, SK Growth became a wholly owned
subsidiary, and its securities were converted into Webull shares and warrants.
Trading under the symbols “BULL,” “BULLW,” and “BULLZ,” Webull marked its
market debut by ringing the opening bell at Nasdaq on April 11.

Despite the market enthusiasm, Webull faces scrutiny
over its international ties. In November, the U.S. House Select Committee on
the Chinese Communist Party contacted Denier regarding the company’s
potential links to China.

Still, with a multibillion-dollar valuation and fresh
visibility, Webull appears well-positioned for the next chapter. As trading
apps continue to reshape how individual investors engage with markets, Webull’s
meteoric rise could signal a broader shift in how fintech companies approach
public listings in a post-SPAC-boom world.

This post is originally published on FINANCEMAGNATES.

  • Related Posts

    smartTrade Taps Amazon Web Services to Offer Cloud Trading

    smartTrade Technologies moved its trading infrastructure to Amazon Web Services (AWS) as part of a broader push to modernize operations and support hybrid cloud deployment. According to the company, the…

    Nearly 37 Million Accounts, But Only 3.6 Million Russians Actively Trade

    Private investors poured record sums into securities on the Moscow Exchange in May 2025, marking a 33% jump year-on-year, according to data from the Moscow Exchange. While brokerage account registrations…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    smartTrade Taps Amazon Web Services to Offer Cloud Trading

    • June 4, 2025
    smartTrade Taps Amazon Web Services to Offer Cloud Trading

    Nearly 37 Million Accounts, But Only 3.6 Million Russians Actively Trade

    • June 4, 2025
    Nearly 37 Million Accounts, But Only 3.6 Million Russians Actively Trade

    Why Are Retail Investors Buying Physical Gold Again in 2025?

    • June 4, 2025
    Why Are Retail Investors Buying Physical Gold Again in 2025?

    What Is Currency Devaluation and How Can You Trade It?

    • June 4, 2025
    What Is Currency Devaluation and How Can You Trade It?