Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 365 | 114,178 |
| SPAC announced acquisition | 101 | 33,929 |
| SPACs completed acquisition | 283 | 55,613 |
| SPACs liquidated | 90 | 12,451 |
| Total | 839 | 216,171 |
| IPO pipeline | 161 | 43,585 |
SPAC and US IPO Activity
| Year | SPAC IPOs | Total IPOs | % | SPAC Proceeds $M | Total US IPO Proceeds $M | % |
|---|---|---|---|---|---|---|
| 2021 | 203 | 249 | 82% | 63,751 | 89,888 | 71% |
| 2020 | 248 | 450 | 55% | 83,341 | 179,344 | 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 | 28 | 252 | 11% | 2,113 | 61,893 | 3% |
| 2004 | 12 | 268 | 4% | 485 | 72,865 | 1% |
| 2003 | 1 | 127 | 1% | 24 | 49,954 | 0% |
| Total | 839 | 216,171 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| IBER/U | Ibere | 10.03 | 0.3% |
| LIII/U | LEO III | 10.05 | 0.5% |
| AGAC/U | African Gold | 10.00 | 0.0% |
| ANAC/U | Arctos Northstar | 10.21 | 2.1% |
| ARYD | ARYA IV | 11.11 | 11.1% |
| AUS/U | Austerlitz | 10.25 | 2.5% |
| ASZ/U | Austerlitz II | 10.20 | 2.0% |
| FACT/U | Freedom | 10.16 | 1.6% |
| FSNB/U | Fusion II | 10.06 | 0.6% |
| MACQU | MCAP | 10.01 | 0.1% |
| SBEAU | SilverBox | 10.03 | 0.3% |
| TWLVU | Twelve Seas II | 9.99 | -0.1% |
| VELOU | Velocity | 10.10 | 1.0% |
| WARR/U | Warrior | 10.04 | 0.4% |
| COLIU | Colicity | 10.20 | 2.0% |
| EJFAU | EJF | 10.09 | 0.9% |
| FLME/U | Flame | 9.97 | -0.3% |
| GIIXU | Gores VIII | 10.26 | 2.6% |
| HIIIU | Hudson Executive III | 10.05 | 0.5% |
| ISLEU | Isleworth | 10.01 | 0.1% |
| HUGS/U | USHG | 10.20 | 2.0% |
| BRPMU | B. Riley 150 | 10.30 | 3.0% |
| BOAS/U | BOA | 9.99 | -0.1% |
| GLBLU | Cartesian | 10.05 | 0.5% |
| SRNGU | Soaring Eagle | 10.75 | 7.5% |
| KAIIU | Kismet II | 10.00 | 0.0% |
| KIIIU | Kismet III | 10.00 | 0.0% |
| SLAMU | Slam | 10.11 | 1.1% |
| ASPCU | Alpha Capital | 10.40 | 4.0% |
| BTNB | Bridgetown 2 | 11.45 | 14.5% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| DKNG | DraftKings | 68.58 | 776% |
| QS | QuantumScape | 54.89 | 666% |
| BWMX | Betterware | 42.85 | 642% |
| IRDM | Iridium | 39.47 | 614% |
| MP | MP Materials | 49.44 | 521% |
| DNMR | Danimer Scientific | 38.15 | 415% |
| PRPL | Purple Innovation | 37.90 | 411% |
| LPRO | Open Lending | 40.00 | 395% |
| APPH | AppHarvest | 30.40 | 393% |
| PRIM | Primoris | 34.59 | 332% |
| SPCE | Virgin Galactic | 33.77 | 312% |
| AHCO | AdaptHealth | 32.12 | 290% |
| STPK | Star Peak Energy / Stem | 32.04 | 289% |
| SKLZ | Skillz | 33.15 | 286% |
| RPAY | Repay | 25.00 | 285% |
| OPEN | Opendoor | 31.33 | 279% |
| CHPT | ChargePoint | 28.50 | 242% |
| CCIV | Churchill IV / Lucid | 27.77 | 210% |
| TTCF | Tattooed Chef | 21.03 | 206% |
| KW | Kennedy-Wilson | 18.80 | 201% |
| UTZ | Utz Brands | 25.21 | 198% |
| CLVT | Clarivate | 23.10 | 189% |
| CIIC | CIIG / Arrival | 22.95 | 187% |
| TPGY | TPG Pace Beneficial / EVBox | 25.00 | 177% |
| VINC | Vincera Pharma | 20.65 | 152% |
| VRT | Vertiv | 20.95 | 141% |
| RIDE | Lordstown Motors | 20.59 | 136% |
| HTOO | Fusion Fuel | 15.91 | 103% |
| BFLY | Butterfly Network | 18.08 | 103% |
| VVNT | Vivint Smart Home | 16.15 | 77% |