SPAC and US Total IPO Activity

Year SPAC IPOs Total IPOs SPAC % SPAC Proceeds $M Total IPO Proceeds $M SPAC %
2026 127 187 68% 25,272 141,883 18%
2025 144 230 63% 30,394 77,365 39%
2024 57 133 43% 9,624 42,245 23%
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 1,695 397,583
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 248 54,009
Announced acquisition 101 15,822
Completed acquisition 822 190,571
Liquidated 524 137,182
Total 1,695 397,583
SPAC IPO pipeline 75 9,606

Recent SPAC IPO Performance

Symbol Name Price Unit Return
JONEU Jones Ventures 9.94 -0.6%
RACD Research Alliance IV 10.60 6.0%
SAMO/U Samos Energy 9.96 -0.4%
BCCQU Bleichroeder III 10.05 0.5%
CCCTU Columbus Circle III 10.01 0.1%
MRCOU Mercator 10.02 0.2%
FDMMU Freedom Metals 9.96 -0.4%
VII/U Viking II 10.02 0.2%
OSPRU Osprey III 10.09 0.9%
AAC/U Ares III 10.08 0.8%
MIACU Meridian3 9.98 -0.2%
ALPXU Alpex 10.13 1.3%
CGCFU Cartesian IV 9.95 -0.5%
FWACU Futurewave 10.05 0.5%
GHXIU Gores XI 10.32 3.2%
TVIVU Texas Ventures IV 10.26 2.6%

Top Performing SPACs

Symbol Name Price Unit Return
VRT Vertiv 292.42 3761%
PRIM Primoris 88.06 2039%
LMB Limbach Holdings 76.28 1063%
BLBD Blue Bird 77.22 1001%
TGLS Tecnoglass 46.98 760%
IRDM Iridium 46.70 759%
RKLB Rocket Lab 67.03 755%
ASTS AST SpaceMobile 54.02 653%
MP MP Materials 45.30 466%
CERE Cerevel Therapeutics 44.98 461%
IMVT Immunovant 38.55 421%
OUST Ouster 34.81 365%
ROIV Roivant Sciences 33.73 348%
TWNK Hostess Brands 33.32 342%
RSI Rush Street Interactive 32.83 335%
SYM Symbotic 41.96 320%
OKLO Oklo 41.08 311%
IONQ IonQ 34.89 307%
NAMS NewAmesterdam Pharma 31.11 276%
WSC Williams Scotsman 26.82 245%
MGY Magnolia Oil & Gas 26.87 220%
BRUN Boost Run 23.66 197%
DKNG DraftKings 24.82 193%
ROIC Retail Opportunity Investments (ROI) 17.49 175%
BWMX Betterware 18.50 155%