SPAC and US IPO Activity

Year SPAC IPOs Total US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2024 55 125 44% 9,183 40,154 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 1,422 341,477
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 83 16,684
Announced acquisition 110 18,050
Completed acquisition 739 175,964
Liquidated 489 130,641
Total 1,421 341,339
SPAC IPO pipeline 36 4,680

Recent SPAC IPO Performance

Symbol Name Price Unit Return
JACS/U Jackson II 10.04 0.4%
SPHAU Shepherd Ave 10.01 0.1%
TAVIU Tavia 10.01 0.1%
FACTU FACT II 9.95 -0.5%
DYNXU Dynamix 9.95 -0.5%
NOEMU CO2 Energy 10.01 0.1%
HSPTU Horizon Space II 10.01 0.1%
ASPCU A SPAC III 10.04 0.4%
GSRTU GSR III 10.00 0.0%
WLACU Willow Lane 9.98 -0.2%
BACQU Bleichroeder 10.03 0.3%
NTWOU Newbury Street II 9.98 -0.2%
CHARU Charlton Aria 10.07 0.7%
OACCU Oaktree III 10.08 0.8%

Top Performing SPACs

Symbol Name Price Unit Return
PRIM Primoris 79.75 1831%
VRT Vertiv 126.50 1548%
TGLS Tecnoglass 84.63 1513%
LMB Limbach Holdings 96.00 1379%
CERE Cerevel Therapeutics 44.98 461%
BLBD Blue Bird 40.63 452%
MLTX MoonLake Immunotherapeutics 53.77 438%
IRDM Iridium 30.39 433%
DKNG DraftKings 41.53 415%
SMPL Simply Good Foods 39.61 390%
DJT Trump Media 36.26 386%
WSC Williams Scotsman 36.05 383%
TWNK Hostess Brands 33.32 342%
IMVT Immunovant 27.99 262%
IONQ IonQ 30.31 250%
MGY Magnolia Oil & Gas 25.71 204%
PWP Perella Weinberg 25.23 198%
ASTS AST SpaceMobile 23.41 194%
NAMS NewAmesterdam Pharma 24.64 190%
OWL Blue Owl Capital 24.55 189%
VRRM Verra Mobility 24.38 187%
IMXI Intermex Wire Transfer 22.67 183%
ROIC Retail Opportunity Investments (ROI) 17.44 174%