SPAC and US IPO Activity

Year SPAC IPOs Total US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2024 34 88 39% 5,804 31,546 18%
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 1,401 338,098
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 81 15,631
Announced acquisition 119 20,951
Completed acquisition 731 174,363
Liquidated 470 127,153
Total 1,401 338,098
SPAC IPO pipeline 36 4,752

Recent SPAC IPO Performance

Symbol Name Price Unit Return
CAPNU Cayson 0.00 -1
YHNAU YHN 10.01 0.1%
FVNNU Future Vision II 10.02 0.2%
POLEU Andretti II 9.99 -0.1%
VCICU Vine Hill 10.01 0.1%
GIGGU GigCapital7 9.96 -0.4%
BSIIU Black Spade II 9.97 -0.3%
HONDU HCM II 9.98 -0.2%
SBXD/U SilverBox IV 10.02 0.2%
CEP Cantor Equity Partners 10.01 0.1%
VACHU Voyager 10.00 0.0%
EQV/U EQV Ventures 9.96 -0.4%
AAM/U AA Mission 10.01 0.1%
MBAVU M3-Brigade 10.03 0.3%

Top Performing SPACs

Symbol Name Price Unit Return
PRIM Primoris 59.00 1313%
TGLS Tecnoglass 68.90 1198%
VRT Vertiv 91.69 1084%
LMB Limbach Holdings 77.50 1083%
BLBD Blue Bird 53.49 645%
CERE Cerevel Therapeutics 44.98 461%
MLTX MoonLake Immunotherapeutics 52.00 420%
WSC Williams Scotsman 37.93 411%
IRDM Iridium 28.19 389%
DKNG DraftKings 39.21 384%
TWNK Hostess Brands 33.32 342%
SMPL Simply Good Foods 34.31 319%
IMVT Immunovant 30.01 293%
SOC Sable Offshore 28.89 276%
ASTS AST SpaceMobile 28.55 271%
VRRM Verra Mobility 27.71 231%
MGY Magnolia Oil & Gas 25.91 207%
PSFE Paysafe 22.54 162%
SYM Symbotic 25.01 150%
ROIC Retail Opportunity Investments (ROI) 15.62 137%
IMXI Intermex Wire Transfer 19.12 129%
PWP Perella Weinberg 19.42 121%
OWL Blue Owl Capital 18.84 113%