SPAC and US IPO Activity
| Year | SPAC IPOs | Total US IPOs | SPAC % | SPAC Proceeds $M | US IPO Proceeds $M | SPAC % |
|---|---|---|---|---|---|---|
| 2024 | 47 | 117 | 40% | 7,842 | 38,813 | 20% |
| 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 | 1,414 | 340,136 |
* IPOs greater than $40M, excludes direct listings.
Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| Seeking acquisition | 81 | 15,935 |
| Announced acquisition | 112 | 19,318 |
| Completed acquisition | 736 | 175,423 |
| Liquidated | 484 | 129,322 |
| Total | 1,413 | 339,998 |
| SPAC IPO pipeline | 39 | 5,140 |
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| HSPTU | 9.98 | -0.2% | |
| ASPCU | 9.99 | -0.1% | |
| WLACU | 9.96 | -0.4% | |
| GSRTU | 9.99 | -0.1% | |
| BACQU | 10.01 | 0.1% | |
| NTWOU | 9.96 | -0.4% | |
| CHARU | 9.99 | -0.1% | |
| BEAGU | 10.00 | 0.0% | |
| OACCU | 10.08 | 0.8% | |
| ALDFU | 10.00 | 0.0% | |
| CCIRU | 10.00 | 0.0% | |
| RDACU | 10.08 | 0.8% | |
| LPBBU | 9.98 | -0.2% | |
| CAPNU | 10.24 | 2.5% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| PRIM | 80.42 | 1848% | |
| VRT | 138.54 | 1709% | |
| LMB | 101.72 | 1470% | |
| TGLS | 75.35 | 1327% | |
| CERE | 44.98 | 461% | |
| DKNG | 43.76 | 445% | |
| BLBD | 39.33 | 432% | |
| MLTX | 50.00 | 400% | |
| IRDM | 28.50 | 395% | |
| SMPL | 39.13 | 383% | |
| WSC | 34.93 | 366% | |
| TWNK | 33.32 | 342% | |
| DJT | 29.88 | 291% | |
| SYM | 36.51 | 265% | |
| IMVT | 26.17 | 235% | |
| SMR | 25.93 | 231% | |
| IONQ | 28.54 | 228% | |
| MGY | 27.40 | 227% | |
| ASTS | 23.80 | 199% | |
| PWP | 24.99 | 195% | |
| SOC | 22.42 | 179% | |
| OWL | 23.65 | 177% | |
| ROIC | 17.37 | 172% |