SPAC and US Total IPO Activity

Year SPAC IPOs Total IPOs SPAC % SPAC Proceeds $M Total IPO Proceeds $M SPAC %
2026 78 85 92% 15,975 18,878 85%
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 1,646 388,287
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 216 47,038
Announced acquisition 100 16,372
Completed acquisition 808 187,953
Liquidated 521 136,809
Total 1,645 388,172
SPAC IPO pipeline 80 10,496

Recent SPAC IPO Performance

Symbol Name Price Unit Return
ARCLU ARC Group 0.00 -1
FTHAU Forefront Tech 0.00 -1
GCGRU General Catalyst 0.00 -1
MCAHU Mountain Crest 6 0.00 -1
RREVU RRE Ventures 0.00 -1
CAIIU Collective II 9.96 -0.4%
CXIIU Churchill XII 10.11 1.1%
IACQU Irenic 10.01 0.1%
PLUN/U Plutonian II 10.03 0.3%
JATT JATT II 10.65 6.5%
NHIVU NewHold IV 10.02 0.2%
QRED/U QuasarEdge 10.02 0.2%
MYXXU Maywood 2 10.07 0.7%
AACPU Apogee 10.05 0.5%
ACGCU ACP 9.99 -0.1%
KPET/U KPET Ultra Paceline 10.05 0.5%

Top Performing SPACs

Symbol Name Price Unit Return
PRIM Primoris 174.97 4212%
VRT Vertiv 316.80 4086%
LMB Limbach Holdings 95.10 1364%
RKLB Rocket Lab 80.42 934%
ASTS AST SpaceMobile 72.18 925%
BLBD Blue Bird 62.70 783%
MP MP Materials 62.83 699%
TGLS Tecnoglass 42.48 670%
OKLO Oklo 68.55 586%
IRDM Iridium 37.68 579%
SYM Symbotic 59.47 495%
CERE Cerevel Therapeutics 44.98 461%
IONQ IonQ 42.38 401%
TWNK Hostess Brands 33.32 342%
PL Planet Labs 35.40 302%
ROIV Roivant Sciences 28.06 263%
MGY Magnolia Oil & Gas 29.94 261%
IMVT Immunovant 27.17 250%
NAMS NewAmesterdam Pharma 28.80 246%
LUNR Intuitive Machines 25.60 227%
OCS Oculis 26.99 222%
WSC Williams Scotsman 22.45 179%
ROIC Retail Opportunity Investments (ROI) 17.49 175%
DKNG DraftKings 23.09 170%
PWP Perella Weinberg 21.53 149%