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%