Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 427 129,019
SPAC announced acquisition 145 43,649
SPACs completed acquisition 362 83,675
SPACs liquidated 90 12,451
Total 1,024 268,794
SPAC IPO pipeline 293 69,056

SPAC and US IPO Activity

Year SPAC IPOs Total US IPOs % SPAC Proceeds $M Total US IPO Proceeds $M %
2021 388 618 63% 116,354 224,980 52%
2020 248 450 55% 83,361 179,364 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 1024 268,794
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
IMAQU International Media 10.10 1.0%
MTAL/U Metals 9.84 -1.6%
SWAGU Software III 10.01 0.1%
APTMU Alpha Partners 9.93 -0.7%
DALS DA32 Life Science 10.00 0.0%
MEACU Mercury Ecommerce 9.94 -0.6%
ALPAU Alpha Healthcare III 9.92 -0.8%
WRAC/U Williams Rowland 9.98 -0.2%
BLNGU Belong 9.89 -1.1%
PFTAU Portage Fintech 9.97 -0.3%
CLAYU Chavant 9.98 -0.2%
CLOEU Clover Leaf 10.14 1.4%
TRTL/U TortoiseEcofin III 9.92 -0.8%
BSAQ/U Black Spade 10.00 0.0%
APACU StoneBridge 9.96 -0.4%
TWCBU Bilander 9.90 -1.0%
CLAQU CleanTech 10.17 1.7%
JATT/U JATT 9.97 -0.3%
UPTDU TradeUp 9.96 -0.4%
ARYE ARYA V 9.97 -0.3%
GWIIU Good Works II 9.95 -0.5%
GLTA/U Galata 9.94 -0.6%
ACRO/U Acropolis 10.00 0.0%
RICOU Agrico 10.04 0.4%
ALCC AltC 9.85 -1.5%
MCAFU Mountain Crest IV 10.01 0.1%
EOCW/U Elliott II 10.02 0.2%
FICVU Frontier 9.94 -0.6%
CORS/U Corsair 10.00 0.0%
GGGVU G3 VRM 10.03 0.3%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 42.23 670%
BWMX Betterware 42.50 635%
PRIM Primoris 29.90 585%
DKNG DraftKings 48.50 508%
LPRO Open Lending 38.00 368%
MP MP Materials 37.62 363%
SMPL Simply Good Foods 37.48 361%
RPAY Repay 24.91 283%
SPCE Virgin Galactic 29.99 262%
PRPL Purple Innovation 26.34 238%
VRT Vertiv 28.04 236%
KW Kennedy-Wilson 20.19 229%
STEM Stem 27.11 223%
PLBY PLBY Group 28.18 210%
TGLS Tecnoglass 19.29 206%
CERE Cerevel Therapeutics 24.64 190%
QS QuantumScape 22.91 186%
LAZY Lazydays 20.87 185%
CLVT Clarivate 22.80 184%
TTCF Tattooed Chef 19.72 179%
ROIC Retail Opportunity 17.67 178%
CHPT ChargePoint 23.65 177%
UTZ Utz Brands 22.64 164%
LCID Lucid 23.72 162%
AHCO AdaptHealth 22.39 160%
GDYN Grid Dynamics 21.05 158%
DMTK DermTech 33.66 141%
DNMR Danimer Scientific 16.68 93%
ENVX Enovix 16.51 90%
GENI Genius Sports 17.12 90%