Inspirato Stock Rockets 650%, Three Days after Going Public through SPAC Merger
Seeking Alpha2022-02-18
- Inspirato(NASDAQ:ISPO)stock rocketed 650% on Thursday, just three days after the company went public through a merger with SPAC Thayer Ventures.
- Shares of the travel service company were halted several times during the session and closed at $92.65 after hitting an all-time high of $108. The stock opened at $14.19.
- Thayer shareholders approved the Inspirato merger on Feb. 8, with shares of the combined company soaring during their market debut on Feb. 14.
- Inspirato operates a subscription luxury travel service that allows subscribers to book trips through its network of upscale hotels and managed vacation homes. The company offers trips to more than 240 destinations worldwide.
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