Inspirato soars 500% after de-SPACing; shares on social media's radar

Inspirato

17/02/2022 18:08

** Shares of luxury travel subscription brand Inspirato LLC
 ISPO.O  surge 503.2% to $74.68, just days after their debut
    ** ISPO began trading on Mon on the Nasdaq after completing
merger with SPAC Thayer Ventures Acquisition Corp  urn:newsml:reuters.com:*:nBw3VfXLja
    ** The $1.1 bln deal announced last Jun was to provide co
$260 mln, including $100 mln PIPE (private investment in public
equity)  urn:newsml:reuters.com:*:nL3N2OC3II
    ** ISPO is #2 trending and 2nd most watched ticker on social
media site Stocktwits, viewed commonly as measure of retail
investor interest
    ** About 7.8 mln shares have traded on the session compared
to co's free float of roughly 16 mln shares, per Refinitiv data
    ** UBS acted as lead financial advisor and capital markets
advisor to Inspirato, and co-lead placement agent for
institutional investors to Thayer

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))