Consumer finance startup Acorns to go public in over US$2 billion SPAC deal Toggle share menu Advertisement 27 May 2021 09:15PM Share this content Bookmark REUTERS: Acorns Grow Inc said on Thursday it was going public through a merger with blank-check company Pioneer Merger Corp in a deal valuing the savings and investing app at about US$2.2 billion. Acorns Grow will receive cash proceeds of over US$450 million from the deal, which includes a private placement at US$10 per share from investors including Declaration Partners, Greycroft, TPG's global impact investing platform and BlackRock Inc. Advertisement Advertisement Launched in late 2014, California-based Acorns helps consumers invest in stocks and bonds and operates on a subscription-based model that has four million subscribers in the United States.