SPAC and US Total IPO Activity

Year SPAC IPOs Total IPOs SPAC % SPAC Proceeds $M Total IPO Proceeds $M SPAC %
2026 138 213 65% 27,157 188,745 14%
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 1,706 399,468
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 250 54,097
Announced acquisition 105 16,437
Completed acquisition 824 190,908
Liquidated 526 137,682
Total 1,705 399,123
SPAC IPO pipeline 75 9,311

Recent SPAC IPO Performance

Symbol Name Price Unit Return
TCGX TCGX 10.53 5.3%
FJDIU ARC Group Securities 9.95 -0.5%
THEOU BOA II 10.11 1.1%
EWAVU East West 9.95 -0.5%
XIIIU Churchill XIII 10.48 4.8%
CATLU Catalyst 9.99 -0.1%
MTAKU Market Technology 9.94 -0.6%
PLCIU Pelican II 9.96 -0.4%
BRTMU B&R Technology 9.96 -0.4%
NCOOU Southern Cross 10.05 0.5%
AMACU AMR Resources 9.95 -0.5%
JONEU Jones Ventures 9.93 -0.7%
RACD Research Alliance IV 11.44 14.4%
SAMO/U Samos Energy 9.95 -0.5%
CCCTU Columbus Circle III 10.00 0.0%
MRCOU Mercator 10.03 0.3%

Top Performing SPACs

Symbol Name Price Unit Return
VRT Vertiv 276.50 3548%
PRIM Primoris 83.40 1923%
BLBD Blue Bird 75.05 968%
ASTS AST SpaceMobile 68.38 868%
RKLB Rocket Lab 74.82 859%
IRDM Iridium 48.37 792%
TGLS Tecnoglass 47.75 775%
LMB Limbach Holdings 49.84 640%
OUST Ouster 45.49 525%
MP MP Materials 47.91 500%
CERE Cerevel Therapeutics 44.98 461%
IMVT Immunovant 39.42 434%
IONQ IonQ 40.89 382%
SYM Symbotic 46.52 365%
ROIV Roivant Sciences 34.60 361%
TWNK Hostess Brands 33.32 342%
OKLO Oklo 42.95 330%
WSC Williams Scotsman 26.56 241%
RSI Rush Street Interactive 25.92 231%
NAMS NewAmesterdam Pharma 27.42 227%
MGY Magnolia Oil & Gas 24.45 188%
ROIC Retail Opportunity Investments (ROI) 17.49 175%
DKNG DraftKings 21.74 152%
QBTS D-Wave 21.52 149%
BRUN Boost Run 20.32 147%