Shares of Getty Images (NYSE:GETY) more than doubled in Friday's intraday trading, just days after the company came public through a SPAC deal.
Late last week, GETY completed a business combination with SPAC CC Neuberger Principal Holdings II. The deal was originally announced back in December, with the provider of stock images and other visual content garnering a valuation of $4.8B.
GETY began trading early this week and dipped early in its public career. However, the stock has surged on Friday, jumping about 125% in intraday action.
The stock was up $13.27 to $23.77 at about 1:30 p.m. ET. Earlier in the day, shares reached a post-SPAC peak of $29.53 before backing off a bit.
In other SPAC-related news, shareholders in CHW Acquisition have approved a business combination with pet services marketplace company Wag Labs.