Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 198 | 65,950 |
| SPAC announced acquisition | 52 | 12,968 |
| SPACs completed acquisition | 248 | 46,734 |
| SPACs liquidated | 90 | 12,451 |
| Total | 588 | 138,104 |
| IPO pipeline | 57 | 11,914 |
SPAC and US IPO Activity
| Year | SPAC IPOs | Total IPOs | % | SPAC Proceeds $M | Total US IPO Proceeds $M | % |
|---|---|---|---|---|---|---|
| 2020 | 200 | 372 | 54% | 69,025 | 144,909 | 48% |
| 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 | 28 | 252 | 11% | 2,113 | 61,893 | 3% |
| 2004 | 12 | 268 | 4% | 485 | 72,865 | 1% |
| 2003 | 1 | 127 | 1% | 24 | 49,954 | 0% |
| Total | 588 | 138,104 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| SPRQ/U | Spartan II | 10.40 | 4.0% |
| VCVCU | 10X Capital | 10.07 | 0.7% |
| FRX/U | Forest Road | 10.11 | 1.1% |
| TINV/U | Tiga | 10.17 | 1.7% |
| BREZU | Breeze | 10.09 | 0.9% |
| GNPK/U | Genesis Park | 10.00 | 0.0% |
| CAS/U | Cascade | 10.01 | 0.1% |
| LSAQ | LifeSci II | 10.12 | 1.2% |
| OCA/U | Omnichannel | 10.04 | 0.4% |
| ARBGU | Aequi | 9.88 | -1.2% |
| DGNS | Dragoneer II | 10.92 | 9.2% |
| IIAC/U | Investindustrial | 10.07 | 0.7% |
| KWAC/U | Kingswood | 10.10 | 1.0% |
| CHFW/U | Consonance-HFW | 10.30 | 3.0% |
| JYAC | Jiya | 10.00 | 0.0% |
| LNFA/U | L&F | 10.03 | 0.3% |
| PHICU | Population Health | 10.17 | 1.7% |
| RTPZ/U | Reinvent Technologies Z | 10.95 | 9.5% |
| OTRAU | OTR | 10.03 | 0.3% |
| PIPP/U | Pine Island | 10.08 | 0.8% |
| ZNTEU | Zanite | 10.09 | 0.9% |
| DMYI/U | dMY Technology III | 10.25 | 2.5% |
| HAACU | Health Assurance | 10.40 | 4.0% |
| BWACU | Better World | 10.24 | 2.4% |
| CFACU | CF Finance III | 10.14 | 1.4% |
| ADOCU | Edoc | 10.15 | 1.5% |
| NOACU | Natural Order | 10.57 | 5.7% |
| STIC/U | Northern Star | 10.05 | 0.5% |
| DBDRU | Roman DBDR Tech | 10.14 | 1.4% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| IMVT | Immunovant | 49.83 | 590% |
| DKNG | DraftKings | 52.75 | 564% |
| IRDM | Iridium | 32.92 | 483% |
| BWMX | Betterware | 29.26 | 370% |
| SBE | SBE / ChargePoint | 37.13 | 356% |
| NKLA | Nikola | 27.93 | 344% |
| PRPL | Purple Innovation | 30.67 | 303% |
| RPAY | Repay | 24.00 | 265% |
| AHCO | AdaptHealth | 29.75 | 258% |
| CCC | Clarivate | 27.39 | 253% |
| LPRO | Open Lending | 28.64 | 243% |
| SPCE | Virgin Galactic | 27.17 | 223% |
| RIDE | Lordstown Motors | 26.50 | 215% |
| HYLN | Hyliion | 24.49 | 210% |
| CIIC | CIIG / Arrival | 24.10 | 204% |
| KCAC | KCAC / QuantumScape | 23.50 | 195% |
| VVNT | Vivint Smart Home | 21.92 | 154% |
| KW | Kennedy-Wilson | 16.39 | 153% |
| IPOB | IPOB / Opendoor | 21.80 | 152% |
| MP | MP Materials | 21.71 | 151% |
| LAZY | Lazydays | 16.03 | 141% |
| UTZ | Utz Brands | 20.19 | 131% |
| VRT | Vertiv | 18.85 | 113% |
| TTCF | Tattooed Chef | 15.83 | 102% |
| VLDR | Velodyne Lidar | 16.06 | 95% |
| LSAC | LSAC / Vincera Pharma | 16.42 | 89% |
| IMXI | International Money Express | 16.00 | 83% |
| TWNK | Hostess Brands | 13.63 | 47% |
| FEAC | FEAC / Skillz | 13.05 | 34% |