Acorn $100m IPO on track

The $100 million IPO of Acorn Capital Investment Fund is doing well ahead its subscription close this Friday.

The initial public offering for microcap fund Acorn Capital Investment (ACQ), which is seeking to raise up to $100 million from retail investors, is on track ahead of the closing date for subscriptions this Friday.

Acorn Capital is understood to have already passed its $50 million minimum subscription target for the fund, with strong interest from small retail investors, financial planners and family offices.

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