Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 479 136,676
SPAC announced acquisition 119 34,915
SPACs completed acquisition 422 101,527
SPACs liquidated 90 12,451
Total 1,110 285,569
SPAC IPO pipeline 289 66,749

SPAC and US IPO Activity

Year SPAC IPOs US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2021 474 759 62% 133,105 263,842 50%
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 1,110 285,569
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
AVACU Avalon 10.02 0.2%
DMYS/U dMY V 10.11 1.1%
NFYS/U Enphys 9.85 -1.5%
PCXCU Parsec 10.14 1.4%
PBAXU Phoenix Biotech 10.11 1.1%
ARTEU Artemis 10.02 0.2%
MEKA MELI Kaszek 12.90 29.0%
GATEU Marblegate 9.95 -0.5%
MTRYU Monterey Bio 10.14 1.4%
HPLTU Home Plate 9.95 -0.5%
HCVIU Hennessy VI 9.96 -0.4%
BACA/U Berenson 9.88 -1.2%
PRBM/U Parabellum 9.97 -0.3%
ARGUU Argus Capital 10.12 1.2%
HHGCU HHG 10.25 2.5%
LOCC/U Live Oak Crestview 9.87 -1.3%
IPAXU Inflection Point 9.90 -1.0%
FLYA/U Soar 10.17 1.7%
BNIXU Bannix 10.26 2.6%
FLAG/U First Light 9.98 -0.2%
BNNRU Banner 9.99 -0.1%
FHLTU Future Health ESG 9.97 -0.3%
SLVRU SILVERspac 9.99 -0.1%
OXUSU Oxus 10.27 2.7%
DTRTU DTRT Health 10.14 1.4%
CNDA/U Concord II 9.95 -0.5%
REVEU Alpine 10.18 1.8%
CHWAU CHW 10.08 0.8%
INAQ/U Insight 9.97 -0.3%
MEOAU Minority Equality 10.23 2.3%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 39.61 617%
DKNG DraftKings 48.65 510%
PRIM Primoris 26.45 499%
BWMX Betterware 34.80 481%
TGLS Tecnoglass 26.35 347%
CERE Cerevel Therapeutics 36.20 344%
SMPL Simply Good Foods 35.23 331%
LPRO Open Lending 34.39 320%
MP MP Materials 34.06 316%
GDYN Grid Dynamics 30.60 302%
KW Kennedy-Wilson 22.58 277%
RPAY Repay 22.64 238%
SKIN Beauty Health 26.95 221%
LAZY Lazydays 22.61 214%
QS QuantumScape 24.68 213%
ROIC Retail Opportunity 18.45 194%
AHCO AdaptHealth 24.84 193%
OPEN Opendoor 24.16 184%
LCID Lucid 25.34 181%
CLVT Clarivate 22.12 174%
VRT Vertiv 23.22 171%
PLBY PLBY Group 24.66 171%
ENVX Enovix 20.84 155%
STEM Stem 22.00 155%
PRPL Purple Innovation 20.54 151%
TTCF Tattooed Chef 17.40 133%
SOFI SoFi 20.85 132%
CHPT ChargePoint 19.91 127%
SPCE Virgin Galactic 19.72 125%
DMTK DermTech 31.14 120%