Getty Images expects to begin trading as public stock July 25
Getty Images, a prominent global visual content creator and marketplace, and CC Neuberger Principal Holdings, a publicly traded special purpose acquisition company, today announced the completion of their previously announced business combination.
Upon completion of the business combination, the combined company has been renamed Getty Images Holdings, Inc. Beginning on July 25, 2022, the company’s common stock and warrants are expected to begin trading on the New York Stock Exchange under the symbols “GETY” and “GETY WS,” respectively.
“Getty Images is an iconic company at the nexus of the digital economy. The backdrop of growing demand for creative imagery paired with the Company’s ability to deliver compelling customer value through its high-quality imagery positions the business well to meet evolving customer needs and to drive future growth,” said Chinh Chu, Founder and Senior Managing Director of CC Capital and Charles Kantor, Senior Portfolio Manager of Neuberger Berman. “We are excited to partner with Craig and his world-class management team, who we believe will continue to deliver long-term value creation as a public company.”
Mark Getty will continue to serve as chairman, while Craig Peters will continue to lead Getty Images as CEO, along with the current Getty Images management team.
To celebrate the completion of the business combination, the company’s leadership, employees, and photographers will ring the opening bell at the NYSE on Aug. 15.
Rothschild & Co. served as lead financial advisor to CC Neuberger Principal Holdings II, Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. served as capital markets advisors, and Solomon Partners Securities, LLC served as a financial advisor providing a fairness opinion to the Board of CC Neuberger. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as financial advisors to Getty Images.