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Stock - trading startupPublichas acquired the brokerage house accounts of Carta ’s secondaries occupation , TechCrunch has reassert .
Carta , well known for its crown tabular array management software , sits on a backlog of data . It tried to exposit intothe bubble hot secondary marketplacebrokerage business enterprise , but in January , a startup customer publically accused Cartaof using the startup ’s secret cap table information to approach its shareholder in club to broker a cut-rate sale without the startup ’s cognition . That allegement move viral and scared many of Carta ’s client , who threatened to pull up stakes .
Days later , Carta announce that it was abandoning this business . Now it find a willing emptor in Public , Axios antecedently cover .
In an emailed statement to TC , Public said the client of Carta Capital Markets who it acquired have a right to opt out . Meanwhile , Carta says it is n’t out of the secondary coil business altogether . It will go along to help with “ company - lead lower-ranking offerings , such as ship’s boat offer , ” through its SEC - registered transfer agentive role , it says .