By Josh Beckerman
WeBuy Global shares surged 224% to $9.92 as the stock returned to Nasdaq and the e-commerce company reported strong travel growth.
The stock is down about 52% this year.
Singapore-based WeBuy said robust first-quarter growth was fueled by the sustained and accelerating expansion of its travel vertical. It said its travel business in Indonesia had first-quarter revenue of about $1.25 million, up from $55,000 a year earlier.
When WeBuy was delisted from Nasdaq in January, moving to over-the-counter trading, it said it would seek to regain compliance. Plans included a 1-for-40 reverse stock split completed in April.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 08, 2025 13:36 ET (17:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。