Webull Completes Pi Securities Acquisition, Targets THB 200 Billion AUM

M&A · Partnership
โดย PR Newswire·THUS·Read original
Summary · why it matters

Webull Corporation announced the completion of its acquisition of Pi Securities in Thailand, targeting a combined asset under management of THB 200 billion. The deal, approved by Thailand's SEC, involved Webull purchasing approximately 99.36% of Pi Securities for an aggregate consideration of about US$100 million, including a 90.98% stake from Country Group Holdings for US$90 million and an additional 8.38% from another shareholder for US$10 million. Webull Thailand's CEO highlighted synergies in research, technology, and AI, while the company plans to expand wealth management and leverage partnerships, including with a Thai bank and TrueMoney Mini App. Initially, both firms will operate independently under their respective brands.

Impact on stocks 3

Digital Finance & Tokenization▲ · 2 stocks
Webull Corp
BULL
▲ PositiveCapitalrelevance

Webull completed its acquisition of ~99.36% of Pi Securities for ~US$100 million, expanding its Thailand footprint toward THB 200 billion AUM.

Information Technology▲ · 1 stocks

Theme Impact 1

Off-coverage companies 2

Pi Securities Public Company LimitedPrivate▲ Positive
Capitalrelevance

Pi Securities was acquired by Webull, which will initially run it independently under its own brand.

Ascend MoneyPrivate± Mixed
relevance

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