China Ties Create Risk After This Stock's Eye-Popping Nasdaq Debut

Quick Summary:

The online stockbroker's shares surged following a backdoor listing, but its China ties and growing economic uncertainty could be major risks

Key Takeaways: Webull shares soared 375% on the second trading day after completion of its listing through a SPAC merger, valuing the company at $30 billion

The company gets most of its revenue from the U.S.but harkens from China, where more than half of its employees are still based Talk about charging out of the gate.

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Article Details

Author / Journalist: The Bamboo Works

Category: InvestingBusiness

Markets: United StatesChinaHong KongIndiaIndonesiaJapanSouth KoreaSingaporeSouth Africa

Topics: Contributors Equities BULL Trading Ideas Opinion Markets IPOs Expert Ideas Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 13:38:43 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1152 words

Reading Time: 7 minutes read

Sentences: 54 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28173795

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Official Website: benzinga.com

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