SPAC and US Total IPO Activity

Year SPAC IPOs Total IPOs SPAC % SPAC Proceeds $M Total IPO Proceeds $M SPAC %
2026 98 146 67% 18,944 52,764 36%
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 1,666 391,255
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 230 49,541
Announced acquisition 99 15,632
Completed acquisition 814 189,101
Liquidated 523 136,982
Total 1,666 391,255
SPAC IPO pipeline 73 9,926

Recent SPAC IPO Performance

Symbol Name Price Unit Return
APURU Aperture AC 10.01 0.1%
BRKHU Burtech II 9.99 -0.1%
FXACU FortuneX 10.00 0.0%
PECEU Peace 10.04 0.4%
OHACU Oceanhawk 10.02 0.2%
RACC Research Alliance III 10.38 3.8%
AMAN Amanat 10.15 1.5%
GUACU Berto II 10.04 0.4%
PTACU Patriot 10.03 0.3%
ETSS/U Energy Transition 9.98 -0.2%
IDACU Iron Dome 10.07 0.7%
BREZU Breeze II 10.03 0.3%
OTAI/U Starlink AI 10.12 1.3%
SAGU/U Shreya 10.08 0.8%

Top Performing SPACs

Symbol Name Price Unit Return
VRT Vertiv 313.67 4044%
PRIM Primoris 121.24 2868%
RKLB Rocket Lab 136.93 1687%
ASTS AST SpaceMobile 108.10 1464%
LMB Limbach Holdings 81.08 1140%
BLBD Blue Bird 70.02 893%
IRDM Iridium 48.34 792%
IONQ IonQ 68.62 729%
MP MP Materials 64.56 722%
TGLS Tecnoglass 44.56 711%
OKLO Oklo 65.15 552%
OUST Ouster 43.57 496%
CERE Cerevel Therapeutics 44.98 461%
LUNR Intuitive Machines 39.04 428%
PL Planet Labs 45.66 425%
BRUN Boost Run 35.52 375%
SYM Symbotic 46.91 369%
TWNK Hostess Brands 33.32 342%
IMVT Immunovant 33.18 340%
NAMS NewAmesterdam Pharma 34.83 326%
ROIV Roivant Sciences 30.30 297%
OCS Oculis 29.01 248%
QBTS D-Wave 28.07 236%
WSC Williams Scotsman 26.08 234%
MGY Magnolia Oil & Gas 27.65 230%