Consumer finance startup Acorns to go public in over $2 bln SPAC deal
27 May 2021
Adds investors, share price, other details from statement
May 27 (Reuters) - Acorns Grow Inc said on Thursday it was going public through a merger with blank-check company Pioneer Merger Corp PACX.O in a deal valuing the savings and investing app at about $2.2 billion.
The merged entity will receive cash proceeds of over $450 million from the deal, which includes a private placement at $10 per share from investors such as Declaration Partners, Greycroft, TPG and BlackRock Inc BLK.N.
Launched in late 2014, Acorns helps users invest in stocks and bonds and operates on a subscription-based model. It has four million subscribers in the United States.
Those who lead in #artificialintelligence will lead the future. #OrangeCounty is fortunate that UC Irvine is doing so many cutting edge projects, so Orange County's economy will lead into the future. #innovation #economicdevelopment #economicgrowth
At 8:06 a.m. Friday a cheer erupted at the Harbor Boulevard entrance to the Disneyland Resort. The gates of the theme park were not yet in sight for anyone in this line, where tall hedges brush up against Anaheim sidewalks, but a team of park staffers, armed with digital thermometers,...
ORANGE, Calif., March 30, 2021 (GLOBE NEWSWIRE) -- Alignment Healthcare, Inc. (“Alignment Healthcare” or the “Company”) (Nasdaq: ALHC), a mission-based, tech-enabled Medicare Advantage company, today announced the closing of its initial public offering of 27,200,000 shares of its common stock at $18.00 per share, including 5,500,000 shares of common stock...