SPAC and US IPO Activity

Year SPAC IPOs Total US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2024 37 98 38% 6,317 33,517 19%
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 1,404 338,611
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 82 16,232
Announced acquisition 115 19,755
Completed acquisition 733 174,823
Liquidated 473 127,687
Total 1,403 338,496
SPAC IPO pipeline 41 5,587

Recent SPAC IPO Performance

Symbol Name Price Unit Return
LPBBU Launch Two 9.99 -0.1%
CAPNU Cayson 10.03 0.3%
YHNAU YHN 10.02 0.2%
FVNNU Future Vision II 10.02 0.2%
POLEU Andretti II 9.99 -0.1%
VCICU Vine Hill 10.00 0.0%
GIGGU GigCapital7 9.95 -0.5%
BSIIU Black Spade II 9.96 -0.4%
HONDU HCM II 10.01 0.1%
SBXD/U SilverBox IV 10.04 0.4%
CEP Cantor Equity Partners 10.03 0.3%
VACHU Voyager 10.05 0.5%
EQV/U EQV Ventures 9.98 -0.2%
AAM/U AA Mission 10.02 0.2%

Top Performing SPACs

Symbol Name Price Unit Return
PRIM Primoris 60.14 1341%
VRT Vertiv 106.50 1282%
TGLS Tecnoglass 70.38 1228%
LMB Limbach Holdings 80.44 1130%
BLBD Blue Bird 43.40 494%
CERE Cerevel Therapeutics 44.98 461%
IRDM Iridium 29.16 408%
WSC Williams Scotsman 36.39 388%
MLTX MoonLake Immunotherapeutics 48.00 380%
DKNG DraftKings 38.06 369%
TWNK Hostess Brands 33.32 342%
SMPL Simply Good Foods 33.87 313%
IMVT Immunovant 29.75 289%
DJT Trump Media 26.48 240%
VRRM Verra Mobility 26.76 218%
MGY Magnolia Oil & Gas 26.49 215%
ASTS AST SpaceMobile 23.05 188%
SYM Symbotic 28.00 180%
SOC Sable Offshore 20.00 143%
PSFE Paysafe 21.00 142%
OWL Blue Owl Capital 20.95 141%
ROIC Retail Opportunity Investments (ROI) 15.44 134%
PWP Perella Weinberg 20.37 133%