SPAC and US IPO Activity

Year SPAC IPOs Total US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2024 49 119 41% 8,052 39,023 21%
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 1,416 340,346
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 83 16,145
Announced acquisition 112 19,318
Completed acquisition 736 175,423
Liquidated 484 129,322
Total 1,415 340,208
SPAC IPO pipeline 37 4,910

Recent SPAC IPO Performance

Symbol Name Price Unit Return
HSPTU Horizon Space II 9.98 -0.2%
ASPCU A SPAC III 9.99 -0.1%
WLACU Willow Lane 9.96 -0.4%
GSRTU GSR III 9.99 -0.1%
BACQU Bleichroeder 10.01 0.1%
NTWOU Newbury Street II 9.96 -0.4%
CHARU Charlton Aria 9.99 -0.1%
BEAGU Bold Eagle 10.00 0.0%
OACCU Oaktree III 10.08 0.8%
ALDFU Aldel Financial II 10.00 0.0%
CCIRU Cohen Circle 10.00 0.0%
RDACU Rising Dragon 10.08 0.8%
LPBBU Launch Two 9.98 -0.2%
CAPNU Cayson 10.24 2.5%

Top Performing SPACs

Symbol Name Price Unit Return
PRIM Primoris 80.42 1848%
VRT Vertiv 139.09 1716%
LMB Limbach Holdings 101.72 1470%
TGLS Tecnoglass 75.35 1327%
CERE Cerevel Therapeutics 44.98 461%
DKNG DraftKings 43.75 445%
BLBD Blue Bird 39.75 439%
MLTX MoonLake Immunotherapeutics 50.00 400%
IRDM Iridium 28.48 395%
SMPL Simply Good Foods 39.14 384%
WSC Williams Scotsman 34.93 366%
TWNK Hostess Brands 33.32 342%
DJT Trump Media 29.97 292%
SYM Symbotic 36.75 268%
IMVT Immunovant 26.18 235%
SMR NuScale Power 25.92 231%
MGY Magnolia Oil & Gas 27.71 231%
IONQ IonQ 28.47 227%
ASTS AST SpaceMobile 23.90 201%
PWP Perella Weinberg 25.00 195%
OWL Blue Owl Capital 23.65 177%
SOC Sable Offshore 22.10 174%
ROIC Retail Opportunity Investments (ROI) 17.37 172%