Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 270 85,011
SPAC announced acquisition 58 16,619
SPACs completed acquisition 271 52,667
SPACs liquidated 90 12,451
Total 689 166,748
IPO pipeline 67 15,610

SPAC and US IPO Activity

Year SPAC IPOs Total IPOs % SPAC Proceeds $M Total US IPO Proceeds $M %
2021 53 55 96% 14,456 14,915 97%
2020 248 450 55% 83,214 179,217 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 689 166,748
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
ADERU 26 Capital 10.55 5.5%
ADEX/U Adit EdTech 10.35 3.5%
AEACU Authentic Equity 10.38 3.8%
CLAS/U Class Acceleration 10.55 5.5%
EACPU Edify 10.40 4.0%
GNACU Group Nine 11.10 11.0%
HCCCU Healthcare Capital 10.26 2.6%
HCICU Hennessy V 11.09 10.9%
MONCU Monument Circle 10.36 3.6%
OCAXU OCA 10.40 4.0%
ROT/U Rotor 10.46 4.6%
TBA Thoma Bravo 11.76 17.6%
ENVIU Environmental Impact 10.74 7.4%
FCAX/U Fortress Capital 11.00 10.0%
PNTM/U Pontem 10.42 4.2%
SLCRU Silver Crest 10.30 3.0%
DLCAU Deep Lake 10.84 8.4%
EPHYU Epiphany 10.85 8.5%
GSAQU Global Synergy 10.50 5.0%
HLAHU Hamilton Lane 10.91 9.1%
KLAQU KL 10.38 3.8%
LWACU Locust Walk 10.38 3.8%
FINMU Marlin Technology 10.45 4.5%
NGAB/U Northern Genesis II 12.05 20.5%
POWRU Powered Brands 10.64 6.4%
PRSRU Prospector 11.10 11.0%
SVFAU SVF Investment 13.24 32.4%
AGCB Altimeter 2 13.16 31.6%
PAQCU Provident 12.50 25.0%
SWBK/U Switchback II 12.49 24.9%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 46.92 763%
QS QuantumScape 55.95 682%
DKNG DraftKings 54.92 594%
BWMX Betterware 37.60 537%
IMVT Immunovant 44.51 510%
SBE SBE / ChargePoint 44.20 451%
PRPL Purple Innovation 36.17 385%
LPRO Open Lending 38.04 369%
AHCO AdaptHealth 37.39 360%
TTCF Tattooed Chef 26.81 321%
MP MP Materials 33.18 304%
SPCE Virgin Galactic 33.03 302%
PRIM Primoris 31.28 291%
CCC Clarivate 29.48 285%
CIIC CIIG / Arrival 29.34 283%
RPAY Repay 24.76 280%
HTOO Fusion Fuel 24.68 279%
DNMR Danimer Scientific 27.75 259%
VLDR Velodyne Lidar 24.07 235%
OPEN Opendoor 26.53 215%
RIDE Lordstown Motors 25.26 198%
SKLZ Skillz 26.12 198%
VVNT Vivint Smart Home 24.66 190%
KW Kennedy-Wilson 18.00 185%
UTZ Utz Brands 23.14 170%
TPGY TPG Pace Beneficial / EVBox 22.74 150%
VINC Vincera Pharma 20.20 146%
LGVW Longview / Butterfly Network 20.98 141%
VRT Vertiv 18.78 112%