Beacon Street Group went public via a SPAC merger with Ascendant Digital Acquisition, in a $3bn deal.

Beacon Street Group, a multi-brand digital subscription services platform, went public via a SPAC merger with Ascendant Digital Acquisition, a special purpose acquisition company, in a $3bn deal. “Today is a significant milestone in the long history and growth of MarketWise as we live out our mission to empower self-directed investors and bring our subscribers the insights and tools they need to make confident and wise investment decisions. Becoming a publicly traded company will help us reach a new audience of subscribers, enhance our product offerings, invest in our proprietary technology, and continue to generate strong financial returns and substantial free cash flow for our investors," Mark Arnold, Beacon Street CEO.