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.
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