Online Broker Webull Is Said to Consider $ 400 Million US IPO

Online brokerage Webull is weighing an US 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.

Considerations are at an early stage and details including size and timeline could change, the people said. A representative for Webull said the information about their …