Public finalizes acquisition of TradeApp investment accounts from Stocktwits
Apr 16, 2024•over 1 year ago
Acquiring Company
Public
Acquired Company
STOCKTWITS, INC
New YorkNew YorkLending And InvestmentsFinancial ServicesDescription
Public, the investing platform, has signed a definitive agreement to acquire the TradeApp investment accounts from Stocktwits. This acquisition will allow tens of thousands of Stocktwits brokerage customers to migrate to the Public investing platform and join the larger Public community. Stocktwits will continue to focus on its core social and community offering, especially around earnings events, and real-time discussions.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed