Is acorns going public?

Acorns, an investing app that offers a suite of investment, banking, and financial education services for low monthly fees, revealed it's going public by combining with an existing company, Pioneer Merger Corp. ( PACX). The company said this places the equity value of its business at roughly $2.2 billion.

Will acorns go public in SPAC merger?

Acorns to go public in $2.2 billion SPAC merger Published: May 27, 2021 at 9:06 a.m. ET

Who owns acorns?

Kerner and Pioneer’s sponsor each plan to contribute 10% of their personal ownership in Acorns as a gift to eligible Acorns customers. The company, last valued at less than $1 billion, has attracted venture investments from the likes of PayPal Ventures, BlackRock, Ashton Kutcher, Jennifer Lopez and Dwayne Johnson, according to PitchBook.