Webull Corp (BULL) continued its breathtaking ascent in after-hours trading on Monday, climbing an additional 5.88% following an extraordinary regular session that saw the stock skyrocket by over 450%. The surge comes on the heels of Webull's successful Nasdaq debut last week, marking a spectacular entry into the public markets for the rapidly growing trading platform.
The company, which completed its reverse merger with blank-check firm SK Growth Opportunities Corporation, has captivated investors with its robust growth story and expanding global footprint. Founded in 2016 by Alibaba veteran Anquan Wang, Webull has quickly established itself as a formidable player in the online trading space, now catering to more than 23 million users across 15 regions in Asia Pacific, Europe, and Latin America.
Webull's platform, which allows users to invest in a diverse array of financial instruments including stocks, exchange-traded funds, and cryptocurrencies, has struck a chord with a new generation of investors. The company's successful public listing and subsequent stock performance reflect growing investor confidence in its business model and future prospects in the competitive fintech landscape.
As trading volume surged to over 24 million shares on Monday, compared to just 3.9 million on its debut day, Webull's market capitalization has ballooned by tens of billions of dollars. The dramatic rise underscores the market's appetite for high-growth fintech companies and sets the stage for what could be a transformative period for the company as it leverages its newfound public status to fuel further expansion.
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