SPAC and US Total IPO Activity

Year SPAC IPOs Total IPOs SPAC % SPAC Proceeds $M Total IPO Proceeds $M SPAC %
2026 116 176 66% 22,623 139,234 16%
2025 144 230 63% 30,394 77,365 39%
2024 57 133 43% 9,624 42,245 23%
2023 31 72 43% 3,848 25,148 15%
2022 86 118 73% 13,431 22,881 59%
2021 613 968 63% 162,503 334,650 49%
2020 248 450 55% 83,386 179,389 46%
2019 59 213 28% 13,600 72,200 19%
2018 46 225 20% 10,750 63,890 17%
2017 34 189 18% 10,048 50,268 20%
2016 13 111 12% 3,499 25,779 14%
2015 20 173 12% 3,902 39,232 10%
2014 12 258 5% 1,750 93,040 2%
2013 10 220 5% 1,447 70,777 2%
2012 9 147 6% 490 50,131 1%
2011 16 144 11% 1,110 43,240 3%
2010 7 166 4% 503 50,583 1%
2009 1 70 1% 36 21,676 0%
2008 17 47 36% 3,842 30,092 13%
2007 66 299 22% 12,094 87,204 14%
2006 37 214 17% 3,384 55,754 6%
2005 29 253 11% 2,161 61,941 3%
2004 12 268 4% 485 72,865 1%
2003 1 127 1% 24 49,954 0%
Total 1,684 394,934
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 238 51,204
Announced acquisition 103 16,534
Completed acquisition 819 190,014
Liquidated 524 137,182
Total 1,684 394,934
SPAC IPO pipeline 80 10,792

Recent SPAC IPO Performance

Symbol Name Price Unit Return
ALPXU Alpex 9.99 -0.1%
FWACU Futurewave 10.00 0.0%
CGCFU Cartesian IV 9.98 -0.2%
GHXIU Gores XI 10.17 1.7%
TVIVU Texas Ventures IV 9.99 -0.1%
WLCOU Wilco 63 9.92 -0.8%
CAES Cantor Equity Partners VII 10.08 0.8%
YICCU Yorkville 10.04 0.4%
JABRU JAB 10.03 0.3%
SHOTU RMG ML Sports 9.98 -0.2%
OCAC/U Ocean Capital 10.22 2.2%
ISNRU Snow Rothschild 0.00 -1
IPVVU InterPrivate V 9.92 -0.8%
LTGRU Long Table 10.03 0.3%
AESPU Aeon I 10.07 0.7%
APMCU AmperCap 9.99 -0.1%

Top Performing SPACs

Symbol Name Price Unit Return
VRT Vertiv 303.30 3906%
PRIM Primoris 93.11 2165%
LMB Limbach Holdings 81.26 1143%
BLBD Blue Bird 79.95 1042%
RKLB Rocket Lab 84.65 990%
ASTS AST SpaceMobile 71.35 913%
TGLS Tecnoglass 44.75 715%
IRDM Iridium 43.41 693%
MP MP Materials 54.01 582%
IONQ IonQ 49.57 491%
OUST Ouster 41.50 465%
CERE Cerevel Therapeutics 44.98 461%
IMVT Immunovant 38.84 425%
OKLO Oklo 50.22 402%
ROIV Roivant Sciences 34.13 354%
BRUN Boost Run 33.70 348%
TWNK Hostess Brands 33.32 342%
SYM Symbotic 41.20 312%
NAMS NewAmesterdam Pharma 33.24 305%
WSC Williams Scotsman 28.86 275%
MGY Magnolia Oil & Gas 26.78 219%
DKNG DraftKings 25.57 203%
PL Planet Labs 27.08 202%
ROIC Retail Opportunity Investments (ROI) 17.49 175%
QBTS D-Wave 22.74 165%