Shares of stock-trading app Webull soared nearly 375% on Monday, according to CNBC. This was its second day of trading publicly after merging with thespecial-purpose acquisition company SK Growth Opportunities. The rally gave Webull a market cap of nearly $30 billion. Webull was founded by former Alibaba and Xiaomi executive Wang Anquan and competes with Robinhood, Charles Schwab, and E-Trade in the retail trading space. The app allows users to trade stocks, options, ETFs, and cryptocurrencies.
