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Webull
Webull Corporation, often stylized as simply Webull, is a US-based financial services holding company headquartered in St. Petersburg, Florida. It provides an electronic trading platform of the same name.
The platform is accessible via its mobile app and through desktop and offers commission-free and low-cost trading of stocks, exchange traded funds (ETFs), options, margins, fixed income, cryptocurrency and futures.
Webull was founded in 2016 by Wang Anquan and began operations under Hunan Fumi Information Technology, a Chinese holding company. Wang hired Anthony Denier as CEO of the U.S. Webull brokerage that same year. Hunan Fumi Information Technology received backing from Xiaomi, Shunwei Capital, and other private equity investors in China.
Webull was founded in 2016 under Hunan Fumi Information Technology, a chinese holding company, by Wang Anquan, a former employee of Chinese technology companies Alibaba Group and Xiaomi. On May 24, 2017, Webull Financial LLC was established as a Delaware limited liability company. Wang hired Anthony Denier as CEO of the U.S. brokerage that year and the two mapped out their strategy on napkins at a Mexican restaurant in New York City.
In January 2018, Webull became a licensed securities company in the U.S, licensed with the SEC and FINRA. In September 2019, Webull Corporation was established in the Cayman Islands to serve as the parent company of Hunan Fumi Information Technology, the Webull platform, and all Webull subsidiaries.
In May 2020, the company received SEC approval to launch a robo-advisor on its platform. By August 2020, the platform had over 11 million registered users, and in October 2020, it had 750,000 daily active users. In November 2020, Webull began supporting cryptocurrency transactions. In December 2020, Webull launched in Hong Kong.
On January 27, 2021, primarily due to events related to the GameStop short squeeze, Webull recorded its highest-ever number of active daily users, at 952,000, and the Webull app was downloaded across the Apple App and Google Play stores an estimated 100,000 times. That week, approximately 1.2 million people downloaded the Webull mobile app, which the company reported as a 1,548% week-over-week increase. On January 28, 2021, Webull was directed by its clearing house to temporarily halt buy orders for stocks affected by the GameStop short squeeze.
In June 2021, Webull began talks of an initial public offering to raise up to $400 million. On February 28, 2024, Webull announced that it had signed an agreement to publicly list on the Nasdaq through a special-purpose acquisition company deal with SK Growth Opportunities Corporation (NASDAQ: SKGR).
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Webull
Webull Corporation, often stylized as simply Webull, is a US-based financial services holding company headquartered in St. Petersburg, Florida. It provides an electronic trading platform of the same name.
The platform is accessible via its mobile app and through desktop and offers commission-free and low-cost trading of stocks, exchange traded funds (ETFs), options, margins, fixed income, cryptocurrency and futures.
Webull was founded in 2016 by Wang Anquan and began operations under Hunan Fumi Information Technology, a Chinese holding company. Wang hired Anthony Denier as CEO of the U.S. Webull brokerage that same year. Hunan Fumi Information Technology received backing from Xiaomi, Shunwei Capital, and other private equity investors in China.
Webull was founded in 2016 under Hunan Fumi Information Technology, a chinese holding company, by Wang Anquan, a former employee of Chinese technology companies Alibaba Group and Xiaomi. On May 24, 2017, Webull Financial LLC was established as a Delaware limited liability company. Wang hired Anthony Denier as CEO of the U.S. brokerage that year and the two mapped out their strategy on napkins at a Mexican restaurant in New York City.
In January 2018, Webull became a licensed securities company in the U.S, licensed with the SEC and FINRA. In September 2019, Webull Corporation was established in the Cayman Islands to serve as the parent company of Hunan Fumi Information Technology, the Webull platform, and all Webull subsidiaries.
In May 2020, the company received SEC approval to launch a robo-advisor on its platform. By August 2020, the platform had over 11 million registered users, and in October 2020, it had 750,000 daily active users. In November 2020, Webull began supporting cryptocurrency transactions. In December 2020, Webull launched in Hong Kong.
On January 27, 2021, primarily due to events related to the GameStop short squeeze, Webull recorded its highest-ever number of active daily users, at 952,000, and the Webull app was downloaded across the Apple App and Google Play stores an estimated 100,000 times. That week, approximately 1.2 million people downloaded the Webull mobile app, which the company reported as a 1,548% week-over-week increase. On January 28, 2021, Webull was directed by its clearing house to temporarily halt buy orders for stocks affected by the GameStop short squeeze.
In June 2021, Webull began talks of an initial public offering to raise up to $400 million. On February 28, 2024, Webull announced that it had signed an agreement to publicly list on the Nasdaq through a special-purpose acquisition company deal with SK Growth Opportunities Corporation (NASDAQ: SKGR).