Online trading platform Webull soars 375% in second day on market after SPAC merger
Webull, which competes with Robinhood, has racked up 23 million users, including some who signed up after receiving stimulus checks.
The rally gives Webull a market cap of almost $30 billion.
Webull competes with Robinhood, Charles Schwab and E-Trade. The app lets investors buy and sell shares and options in individual securities, exchange-traded funds and cryptocurrencies, and offers charts, watchlists, screening tools and paper trading.
The company says it has over 23 million registered users and operates in 15 regions globally. In addition to charging fees on trades, Webull has a premium tier with real-time data that costs $40 per year.