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How to buy Beacon Street stock when it goes public

Here's everything we know so far about the Beacon Street IPO.

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By

Sheri Bechtel

Updated

Fact checked

Beacon Street Group, a financial services company based in Baltimore, is expected to go public through a merger with a special purpose acquisition company (SPAC). We'll update this page as new information becomes available.

What we know about the Beacon Street IPO

Financial services group Beacon Street Group has entered into an agreement to go public through a special purpose acquisition company (SPAC), also known as a blank check company. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. The proposed offering will value the combined company at about $3 billion. No date has been announced yet.

The SPAC, Ascendant Digital Acquisition Corp, originally went public in July 2020 and currently trades on the NYSE under the ticker symbol "ACND."

How to buy Beacon Street stock when it starts trading

Once Beacon Street goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

Finder's picks for buying Beacon Street stock when it goes public

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SoFi Invest

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  • $0 commissions on stocks and ETFs
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  • Get $100 - $2,000 when you open and fund an account with $5,000 to $100,000+

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Beacon Street stock.

See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.

Compare trading platforms

Compare special offers, low fees and a wide range of types of investments among top trading platforms.
1 - 6 of 6
Name Product Available asset types Stock trade fee Minimum deposit Signup bonus
SoFi Invest
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eToro
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Winner of Finder’s Best Broker for Beginners award. Not available in NY, NV, MN, TN, and HI.
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tastytrade
tastytrade
Stocks, Options, ETFs, Cryptocurrency, Futures
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Robinhood
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E*TRADE
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E*TRADE offers commission-free stocks, access to mutual funds and advanced trading tools. Other fees apply.
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