IPDN Stock Surges Over 240% on Web3.0 Venture News
Partnership with Dubai-based OOKC Group and strong user growth from its job board platform fuel massive rally.
Shares of Professional Diversity Network, Inc. (IPDN) skyrocketed on Friday, closing with a staggering 246.6% gain after the company announced a major strategic push into the digital finance sector and reported significant growth in its core recruitment business.
The massive rally was triggered by the announcement of a non-binding Memorandum of Understanding (MOU) with OOKC Group, a Dubai-based fintech firm. The two companies plan to jointly develop what they describe as the world’s first compliance-focused Web3.0 digital investment banking platform. The venture aims to capitalize on the growing market for tokenized real-world assets and decentralized finance. “This collaboration with a leading Web3.0 technology enterprise represents a significant strategic step for PDN as we begin to explore opportunities in the virtual asset and digital finance markets,” said Mr. Wu, CEO of PDN, in a statement.
Fueling the bullish sentiment, the company also revealed a successful revamp of its TalentAlly job board platform. The updated site has seen a sharp increase in user engagement, with monthly visitors climbing 44.3% and monthly page views jumping 79.8% since January 2025. This growth in its primary business provides a solid foundation for its more speculative Web3.0 ambitions.
The market’s reaction was explosive. Trading volume surged to more than 189 times the daily average, indicating a frenzy of investor interest. On social media platforms like StockTwits, retail sentiment flipped from 'bearish' to 'extremely bullish' in just 24 hours, accompanied by a spike in message volume. The dual announcements created a perfect storm, combining a tangible improvement in its existing operations with a high-growth, forward-looking venture that captured the imagination of investors.