Webull Thailand, a NASDAQ-listed platform, has completed acquisition of Pi Securities for 3.2 billion baht (100 million USD), gaining 99.36% ownership. The deal was approved by Thai regulators in August 2026 and marks a major consolidation in Thai wealth management. Webull plans a three-phase integration (Acquire, Transform, Upgrade) over ~1 year, with staff retraining on diverse products (mutual funds, structured notes, foreign investments). Combined AUM currently ~120 billion baht; targets reach 200 billion baht by end-2027, potentially making Thailand operation Webull's second-largest globally after the US.