Webull Corp.’s efforts to list in the US were hampered by the online brokerage offering cryptocurrency to its users, according to the firm’s US chief executive officer, as the company prepares to go public by merging with a blank-check vehicle.
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WeBull - MoneyMadeWebull ended crypto offerings due to SEC opposition during past IPO attemptsThe online broker platform agreed a deal with SK Growth Opportunities Corp. that gives the combined company a pro forma enterprise value of about $7.3 billion, the firms announced Wednesday. The expected listing on Nasdaq, after clearing shareholder and regulator approvals, would follow several attempts to go public via an initial public offering, according to group president and US CEO Anthony Denier.
