Webull (BULL, Financials) shares jumped more than 300% on Monday following the company's public market debut through a special-purpose acquisition company merger with SK Growth Opportunities. The digital brokerage's stock opened for trading under the ticker symbol "BULL" on Nasdaq on Friday and soared as high as $55.14 on Monday, up from its previous close of $13.25.
The transaction, which had been in planning since Webull explored public listing options during the 2021 IPO boom, was completed on Thursday. The company had paused earlier efforts amid a broader downturn in equity markets in 2022. Webull signed the SPAC agreement in February 2024.
Webull, based in St. Petersburg, Florida, was founded in 2016 by Wang Anquan. The company reported 4.3 million funded accounts and $8.2 billion in customer assets as of the end of 2023. It stated in 2024 that its global user base had reached approximately 20 million.
Webull is often compared with other digital trading platforms catering to retail investors, such as Robinhood (HOOD, Financials) and eToro. The company's listing comes during a quieter phase for SPAC deals, which surged in 2021 with 613 transactions accounting for 63% of total U.S. IPOs that year. SPAC activity has since declined, with only 31 such deals in 2023 and 23 completed so far in 2025, according to SPAC Analytics.
Shares of Newsmax also recently drew attention after rising over 2,000% from its IPO price, reflecting continued retail investor interest in momentum-driven stocks.
