Webull Completes Pi Securities Acquisition, Targets THB 200B AUM in Thailand
BULL has more than doubled off its 52-week low of $4.5.
Summary
Webull has closed its acquisition of Pi Securities, taking a 99.36% stake for approximately $100 million after receiving Thai SEC approval. The deal, first announced in June, gives Webull a top-five Thai broker with strong derivatives and wealth management capabilities. Management is targeting THB 200 billion in combined assets under management, signaling an aggressive expansion push in Thailand. The company plans to integrate Pi's local research and advisory teams with Webull's technology and AI platform, and will initially run both brands independently. This follows Webull's record Q2 results and recent European crypto license approval, reinforcing its global growth strategy.
At the time of this announcement, BULL was trading at $9.57 on NASDAQ in the Finance sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $4.50 to $16.04. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.