Webull Moves to Acquire Pi Securities in $100 Million Thailand Deal

Acquisition Value

$100 million

Valuation of Pi Securities in the acquisition deal by Webull.

Registered Users

27 million

Number of registered users Webull serves across 16 markets globally.

§ 01 Executive Snapshot

What: Webull Securities (Thailand) is acquiring Pi Securities for approximately $100 million.
Who: Webull Securities (Thailand) and Pi Securities Public Company Limited.
Why it matters: This acquisition aims to enhance Webull's presence and offerings in Thailand's capital markets, leveraging local expertise and digital technology.

Webull Securities (Thailand) has signed a share purchase agreement to acquire Pi Securities, valuing the latter at approximately $100 million.
The acquisition is subject to customary closing conditions, including regulatory and shareholder approvals.
The disclosure regarding this acquisition was submitted to the Stock Exchange of Thailand on 29 June 2026.

Pi Securities has over 50 years of experience in Thailand's capital markets, providing significant local expertise that Webull aims to leverage.
This acquisition reflects Webull's strategic ambition to expand its footprint in Southeast Asia, where it currently has over 27 million registered users across 16 markets.

The immediate consequence of this acquisition will be an enhanced investment product offering for Thai investors through Webull's platform.
Long-term, the integration of Webull’s technology with Pi Securities’ local market expertise is expected to support sustainable growth in the region.

Potential regulatory hurdles and the need for shareholder approvals may delay the transaction's completion.
The competitive landscape in Southeast Asia's investment services market may pose challenges to Webull's growth post-acquisition.

Approval timelines for regulatory and shareholder approvals will be crucial in determining the speed of the acquisition's completion.
Future developments that signal the success of this acquisition will include the integration progress of Webull's technology with Pi Securities' operations and any expansion of service offerings to clients.

§ 07

What is the purpose of Webull acquiring Pi Securities?

The acquisition aims to enhance Webull's presence and offerings in Thailand's capital markets, leveraging local expertise and digital technology.

Who is involved in the acquisition deal?

The acquisition involves Webull Securities (Thailand) and Pi Securities Public Company Limited.

When was the acquisition disclosure submitted?

The disclosure regarding this acquisition was submitted to the Stock Exchange of Thailand on 29 June 2026.

What challenges might Webull face in completing the acquisition?

Potential regulatory hurdles and the need for shareholder approvals may delay the transaction's completion.