Webull Acquires Majority Stake in Pi Securities to Expand Presence in Thailand
Webull Corporation (NASDAQ: BULL) has completed the acquisition of a majority stake in Pi Securities Public Company Limited, marking its next phase of growth in Thailand. The deal involves acquiring approximately 90.98% equity interest for $90 million and an additional 8.38% from another shareholder for $10 million, totaling around $100 million to secure about 99.36% ownership. The acquisition is aimed at leveraging Pi Securities' strong local presence in Thai equities and derivatives markets as well as its wealth management expertise. Webull plans to integrate its advanced technology and AI capabilities with Pi's research teams, enhancing the digital investing experience for Thai investors. The combined entity aims to expand product offerings and build a broader wealth ecosystem. Webull Thailand’s CEO highlighted that integrating local investment insights with global technological resources will improve how financial information is produced and consumed in the region.
Tickers: $BULL
Topics: financial services stock brokerage acquisition Thailand market expansion