SPAC and US IPO Activity

Year SPAC IPOs Total US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2024 19 64 30% 3,022 21,393 14%
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 1,386 335,316
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 81 16,478
Announced acquisition 124 22,580
Completed acquisition 719 172,590
Liquidated 461 123,369
Total 1,385 335,016
SPAC IPO pipeline 42 5,418

Recent SPAC IPO Performance

Symbol Name Price Unit Return
LPAAU Launch One 9.95 -0.5%
SIMAU SIM 9.96 -0.4%
EURKU Eureka 10.07 0.7%
GRAF/U Graf Global 10.01 0.1%
FSHPU Flag Ship 10.07 0.7%
CUBWU Lionheart 9.97 -0.3%
MACIU Melar 10.00 0.0%
PCSC Perceptive Capital 10.06 0.6%
ALFUU Centurion 10.00 0.0%
CHEB/U Chenghe II 10.00 0.0%
RFAIU RF II 10.11 1.1%
GPATU GP-Act III 10.06 0.6%
CCIXU Churchill IX 10.12 1.2%
IBACU IB 10.05 0.5%

Top Performing SPACs

Symbol Name Price Unit Return
PRIM Primoris 52.64 1153%
VRT Vertiv 89.80 1059%
TGLS Tecnoglass 54.29 906%
LMB Limbach Holdings 61.30 823%
BLBD Blue Bird 49.15 580%
CERE Cerevel Therapeutics 41.17 411%
WSC Williams Scotsman 37.80 409%
DKNG DraftKings 37.85 366%
MLTX MoonLake Immunotherapeutics 46.40 364%
SMPL Simply Good Foods 36.29 346%
IRDM Iridium 25.93 344%
TWNK Hostess Brands 33.32 342%
DJT Trump Media 31.15 310%
IMVT Immunovant 30.45 299%
SYM Symbotic 38.40 284%
VRRM Verra Mobility 28.33 239%
MGY Magnolia Oil & Gas 26.28 212%
IMXI Intermex Wire Transfer 19.73 138%
NAMS NewAmesterdam Pharma 19.87 127%
ENVX Enovix 18.12 114%
PSFE Paysafe 18.40 107%
PWP Perella Weinberg 17.86 100%
OWL Blue Owl Capital 17.70 98%