MarketWise Up 9% in Nasdaq Debut After SPAC Deal

By Michael Dabaie

MarketWise Inc. shares rose 9% to $10.40 Thursday in their debut on Nasdaq after a business combination with special purpose acquisition company Ascendant Digital Acquisition Corp.

MarketWise, formerly known as Beacon Street Group, provides financial research, software, education, and tools for self-directed investors.

“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,” Chief Executive Mark Arnold said.

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