The mix of product and corporate decisions appears to be working for Public, at least in terms of leading indicators. According to co-CEO Leif Abraham, Public now has 3m users. The company also announced this morning that it has purchased Otis, a startup that allows consumers to buy and trade fractional shares in individual alternative assets.
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Public buys Otis, bringing fractional ownership of alternative assets to its platform
Otis calls itself the “stock market for culture,” which is a pretty good tagline as far as such things go. The company’s service scaled to 100,000 users, per Karnjanaprakorn, and 125 listed assets before it sold to Public.
