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5W Public Relations represents Webull as the digital broker with 20M users plans to go public via a $7.3B SPAC merger with SK Growth Opportunities Corp.
The Wall Street Journal noted that Webull, which launched in 2018, surged in popularity in 2021 as amateur investors used commission-free stock trading platforms to gobble up meme stocks such as GameStop.
The partnership with SK growth “fully aligns with our long-term vision to make Webull the platform of choice for the new generation of investors globally,” said Webull founder/CEO Anquan Wang.
The broker plans to earmark the $100M proceeds of the SPAC for new products and overseas expansion.
5W Public Relations has Nicholas Koulermos, Rob Ford, Catherine Toor, Laura Tyther, Alexa Reinfeld and Abigail Rush working the media for Webull’s SPAC deal.
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Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
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