An extended session on Tuesday saw the trading platform Lion Group Holdings Ltd. (NASDAQ: LGHL) go up 19.51%. In the regular trading session, the stock price rose by 11.67% bringing it to $2.87 at the close. With no directly relevant news on the day, the price rise can be viewed in the context of recent developments.
What happened?
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
In addition to its all-in-one platform, Lion Group provides investors with a wide range of products and services with a particular focus on Chinese investors. On its platform, Lion offers contract-for-difference (CFD) trading, securities brokerage, futures trading, and insurance brokerage using state-of-the-art technology.
Read More
Applications on iOS, Android, Windows, and macOS are available to access the platform. Lion’s clients are well-educated and affluent Chinese individuals, mostly living in both the PRC and abroad, as well as institutional investors based in Hong Kong.
The Lion Group announced on Monday that it has signed letters of intent with Maxim Group LLC and Loeb & Loeb LLP to set up Aquarius I Acquisition Corp, the company’s second SPAC.
Earlier this month, Lion announced it has formed a SPAC, Skyline I Acquisition Corp. through its subsidiary Lion Wealth Management Limited. Constant Epoch Technology Development Limited and Ruoxi Ltd. have partnered on the venture.
For Lion, sponsorship of other SPACs will be a key part of its marketing strategy. By the end of 2021, it intends to sponsor at least one more SPAC. The Company intends to become a leader in the industry by creating a professional SPAC sponsorship team.
