Electric vehicle start-up Fisker surges 13% in NYSE debut

Shares of electric vehicle start-up Fisker Inc. closed up 13% in the company’s public debut Friday on the New York Stock Exchange.

The stock jumped as much as 19% before closing at $10.14 a share. It began trading Friday after finalizing a reverse merger this week with Spartan Energy Acquisition Corp., a special purpose acquisition company, or SPAC, backed by Apollo Global Management.

California-based Fisker is among a growing group of speculative electric vehicle start-ups going public through deals with SPACs, which have become a popular way of raising money on Wall Street because they have a more streamlined regulatory process than traditional initial public offerings.

SPAC stocks…