SPAC and US IPO Activity

Year SPAC IPOs Total US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2024 6 24 25% 657 9,043 7%
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 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 1,372 332,903
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 85 16,059
Announced acquisition 129 26,213
Completed acquisition 705 168,619
Liquidated 452 121,782
Total 1,371 332,673
SPAC IPO pipeline 51 5,742

Recent SPAC IPO Performance

Symbol Name Price Unit Return
IBACU IB 10.01 0.1%
BKHAU Black Hawk 10.20 2.0%
DYCQU DT Cloud 10.31 3.1%
HLXB Helix II 10.25 2.5%
LEGT/U Legato III 10.14 1.4%
JVSAU JVSPAC / Hotel101 10.44 4.4%
IROHU Iron Horse 10.24 2.4%
BAYAU Bayview 10.31 3.1%
AFJKU Aimei Health 10.45 4.5%
CLBR/U Colombier II 10.98 9.9%
GLACU Global Lights 10.40 4.0%
ANSCU Agriculture & Natural Solutions 10.30 3.0%
AITRU AI Transportation 10.43 4.3%
QETAU Quetta 10.27 2.7%

Top Performing SPACs

Symbol Name Price Unit Return
PRIM Primoris 43.53 926%
TGLS Tecnoglass 54.71 914%
VRT Vertiv 74.70 858%
LMB Limbach Holdings 39.71 478%
CERE Cerevel Therapeutics 42.30 426%
WSC Williams Scotsman 38.20 416%
DKNG DraftKings 40.70 404%
DJT Trump Media 35.80 379%
BLBD Blue Bird 35.20 371%
IRDM Iridium 27.10 367%
TWNK Hostess Brands 33.32 342%
MLTX MoonLake Immunotherapeutics 40.81 308%
SMPL Simply Good Foods 33.36 306%
SYM Symbotic 39.45 295%
IMVT Immunovant 28.22 266%
MGY Magnolia Oil & Gas 25.62 203%
VRRM Verra Mobility 22.90 167%
IMXI Intermex Wire Transfer 21.01 158%
BWMX Betterware 18.22 149%
NAMS NewAmesterdam Pharma 19.93 127%
OWL Blue Owl Capital 18.26 105%
UTZ Utz Brands 17.42 94%
MP MP Materials 16.45 81%