Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 453 133,111
SPAC announced acquisition 128 36,538
SPACs completed acquisition 400 95,921
SPACs liquidated 90 12,451
Total 1,071 278,020
SPAC IPO pipeline 285 66,671

SPAC and US IPO Activity

Year SPAC IPOs US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2021 435 685 64% 125,556 281,332 45%
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 1,071 278,020
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
BNIXU Bannix 10.16 1.6%
FLAG/U First Light 9.93 -0.7%
FHLTU Future Health ESG 9.98 -0.2%
SLVRU SILVERspac 9.83 -1.7%
BNNRU Banner 9.97 -0.3%
OXUSU Oxus 10.06 0.6%
DTRTU DTRT Health 10.08 0.8%
INAQ/U Insight 9.87 -1.3%
CNDA/U Concord II 9.88 -1.2%
REVEU Alpine 10.06 0.6%
CHWAU CHW 9.99 -0.1%
MEOAU Minority Equality 10.16 1.6%
CCAIU Cascadia 9.88 -1.2%
SWSSU Springwater 9.93 -0.7%
WAVC/U Waverley 9.93 -0.7%
JAQCU Jupiter 9.80 -2.0%
APMIU AxonPrime 9.84 -1.6%
BWCAU Blue Whale 9.90 -1.0%
CNTQU Chardan NexTech2 10.20 2.0%
DCRDU Decarbonization IV 10.13 1.3%
PONOU Pono Capital 10.10 1.0%
TPBAU TPB 9.96 -0.4%
ASPAU Abri 10.14 1.4%
AACIU Armada 9.92 -0.8%
AHPAU Avista II 10.06 0.6%
CENQU CENAQ Energy 10.00 0.0%
WQGA/U World Quantum 10.00 0.0%
VCXAU 10X Capital II 9.99 -0.1%
GLEEU Gladstone 10.13 1.3%
NOVVU Nova Vision 10.25 2.5%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 44.40 713%
DKNG DraftKings 59.97 661%
BWMX Betterware 36.95 524%
PRIM Primoris 25.90 485%
LPRO Open Lending 40.28 399%
CERE Cerevel Therapeutics 36.48 348%
SMPL Simply Good Foods 34.98 328%
MP MP Materials 33.97 315%
GDYN Grid Dynamics 30.79 304%
TGLS Tecnoglass 22.16 263%
KW Kennedy-Wilson 21.52 255%
RPAY Repay 22.93 244%
LAZY Lazydays 22.75 216%
SKIN Beauty Health 26.00 208%
CLVT Clarivate 24.01 203%
SPCE Virgin Galactic 24.49 188%
PRPL Purple Innovation 22.63 182%
VRT Vertiv 24.00 182%
AHCO AdaptHealth 23.87 180%
STEM Stem 23.74 178%
ROIC Retail Opportunity 17.61 177%
TTCF Tattooed Chef 19.32 171%
QS QuantumScape 21.34 163%
PLBY PLBY Group 22.88 152%
DMTK DermTech 34.94 151%
CHPT ChargePoint 20.70 138%
LCID Lucid 21.17 131%
GENI Genius Sports 20.00 128%
UTZ Utz Brands 18.53 109%
OPEN Opendoor 17.88 100%