Mirae Asset Securities has halted its review of acquiring the U.S. retail trading platform Public.com.
On September 18, the Financial Supervisory Service's electronic disclosure system reported that Mirae Asset Securities stated, "We had considered the acquisition, but we have decided to cease further review," adding that it will continue to explore various opportunities for entering the U.S. retail market.
A representative from Mirae Asset Securities commented, "It is difficult to disclose specific reasons beyond what is stated in the announcement," and noted that the company is evaluating various methods.
Founded in New York in 2019, fintech company Public.com has gained attention for its platform that allows trading of a variety of financial products, including stocks, exchange-traded funds (ETFs), government bonds, options, and cryptocurrencies. It reportedly has over 3 million members, leveraging features like real-time fractional investing and social networking.
* This article has been translated by AI.
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