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 shares in Beacon Street when it goes public
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.
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Finder's picks for buying Beacon Street when it goes public
We evaluate stock trading platforms against a range of metrics that include fees, ease of use, available securities and advanced tools to meet specific investor needs. We encourage you to compare stock platforms to find one that's best for your particular budget and goals.
Our pick for beginners. We chose eToro for this category because it offers commission-free stocks and an easy-to-use mobile app. It also lets you see trades that other investors are making and discuss investment strategies on the app. These social features are a great way for new investors to learn about the market and follow trends.
Our pick for building a portfolio. We chose SoFi for this category because it offers a free robo-advisor as well as commission-free stocks. That means you can open an active investing account to pick and choose companies you want to invest in, and open a robo-advisor account to help you build a portfolio and manage how much risk you take on.
Our pick for advanced traders. We chose Tastyworks for this category because it offers a wide range of derivative trading options, including futures, future e-micros and options, along with live trading shows and a platform packed with advanced charting tools and indicators.
Client disclaimer: US Brokerage services through eToro USA Securities Inc, member of FINRA, SIPC. Crypto assets through eToro USA LLC.
How do similar companies perform?
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Beacon Street can be useful in determining how the market is performing and whether now is a good time to invest in this industry.
Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
Company summary
Fidelity National Information Services, Inc. provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions. The Banking Solutions segment provides core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail payment solutions; wealth and retirement solutions; and item processing and output services. The Capital Market Solutions segment offers securities processing and finance, global trading, asset management and insurance, and corporate liquidity solutions. Fidelity National Information Services, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.
Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions. Its offerings include payroll, benefits administration, talent management, HR management, workforce management, insurance, retirement, and compliance services. The PEO Services segment provides HR outsourcing solutions to small and mid-sized businesses through a co-employment model. This segment offers benefits package, protection and compliance, talent engagement, comprehensive outsourcing, and recruitment process outsourcing services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.
Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers palantir foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides apollo, a software that enables customers to deploy their own software virtually in any environment. Palantir Technologies Inc. was incorporated in 2003 and is based in Denver, Colorado.
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Sheri Bechtel is the share trading and investing editor at Finder, where she mentors writers to break down complicated topics like asset allocation, capital gains and expense ratios into concepts even newbies can understand. She’s always up on the hottest IPOs to have on your radar, and makes frequent appearances on Finder’s YouTube channel as an investing expert. Sheri has 20 years of experience covering the financial markets, from stocks to bonds and everything in between. Her expertise has been featured on Yahoo News, Black Enterprise and Money Alignment Academy’s LifeBlood podcast, among others.
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