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Online Broker Webull Considers $400 Million U.S. IPO

  • Company is working with Goldman Sachs on IPO preparations
  • WeBull targets to go public in the U.S. as soon as this year

Online brokerage Webull is weighing an U.S. initial public offering that could raise about $300 million to $400 million, according to people with knowledge of the matter.

The Changsha, Hunan-based company is working with Goldman Sachs Group Inc. to prepare for the share sale, which could take place as soon as this year, said the people, who asked not to be identified as the information is private.