![]() There will presently be no changes for existing users of HyperCharts, and the website's data will be brought into the Public app over time. That's such an important piece, but also very unique to every single business," Abraham told Insider.Ībraham declined to disclose the terms of the deal, which has closed, but said that the transaction was driven internally without involvement from outside banks and advisors. "By understanding business strategies, that informs your investing. The data will be available in the future through the app's individual stock pages. HyperCharts pulls the most relevant, fundamental data from earnings statements and charts them for users with the goal of providing insight and analysis beyond typical share-price movement.Īccording to Public's co-CEO Leif Abraham, the acquisition of HyperCharts will provide Public's customers more granular, relevant information on the companies in which they invest. The deal is the latest sign of maturation for Public as it looks to build out both a set of investing products and a pool of talent as it competes in the crowded market that is serving retail traders.įounded in 2019, Public offers trading tools for stocks, crypto, and funds as well as a social-investing service where customers can share their trade ideas and follow other investors within the Public community. On Thursday, Public announced its first acquisition as a company, purchasing financial data visualization site HyperCharts. In the past year, Public has also grown the number of people on its app by 700%, tripling its headcount in the process. Public began publishing data on special purpose acquisition companies, or SPACs, in May in an effort to quantify - and simplify - for its customers a surge in blank-check dealmaking. In February 2021, the startup announced a $200 million Series D round led by venture heavyweights Tiger Global, doubling Public's valuation to $1.2 billion. The social-oriented investing fintech has kept busy over the past 12 months, and it doesn't plan on stopping now. Public's co-CEOs said the deal was also a bid for HyperCharts' talent. ![]() ![]() The acquisition brings HyperCharts' fundamental, company-specific data to the Public app.Investing app has bought stock-data visualization site HyperCharts.
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