Shares of stock-trading app Webull soared nearly 375% on Monday, according to CNBC. This was its second day of trading publicly after merging with thespecial-purpose acquisition company SK Growth Opportunities. The rally gave Webull a market cap of nearly $30 billion. Webull was founded by former Alibaba and Xiaomi executive Wang Anquan and competes with Robinhood, Charles Schwab, and E-Trade in the retail trading space. The app allows users to trade stocks, options, ETFs, and cryptocurrencies.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Shares of stock trading app Webull soared nearly 375% on Monday, according to CNBC.
00:08This was its second day of trading publicly after merging with the special purpose acquisition
00:12company SK Growth Opportunities.
00:14Brother gave Webull a market cap of nearly $30 billion.
00:17Webull was founded by former Alibaba and his only executive wing and Quan.
00:22He competes with Robinhood, Charles Schwab, and E-Trade in the retail trading space.
00:26The app allows users to trade stocks, options, ETFs, and cryptocurrencies.
00:31For all things money, visit Benzinga.com slash GSTV.