Online Trading Broker Public Exiting UK Market

US-based multi-asset investing platform Public is winding down its operations in the UK market after its launch in the country last July.

The company is shutting down in the UK as of May 3, 2024, according to an email by Public to its registered UK users (seen by London news site City A.M.). All UK accounts will be closed after April 2024.

Public unveiled its plans in late 2022 to expand globally​ in 2023. In July, it entered UK, marking its first international expansion its launch in 2017. Currently, however, the company wants to focus on US business.

"With even more accelerated growth in the US, especially from recent feature launches such as a five per cent high-yield account, corporate bonds and options trading, we decided it's better to focus on US business for now," said a Public spokesperson.