SPAC and US Total IPO Activity

Year SPAC IPOs Total IPOs SPAC % SPAC Proceeds $M Total IPO Proceeds $M SPAC %
2026 31 38 82% 6,952 9,855 71%
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 1,599 379,264
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 186 41,268
Announced acquisition 102 16,694
Completed acquisition 793 185,010
Liquidated 518 136,292
Total 1,599 379,264
SPAC IPO pipeline 74 10,204

Recent SPAC IPO Performance

Symbol Name Price Unit Return
CAQUU Cambridge 9.94 -0.6%
CEPS Cantor Equity Partners VI 10.15 1.5%
HCICU Hennessy VIII 10.03 0.3%
CLBR/U Colombier III 10.14 1.4%
SSACU SPACSphere 10.03 0.2%
IRAB/U Iris II 9.95 -0.5%
WPAC/U White Pearl 0.00 -1
MUZEU Muzero 9.98 -0.2%
NBRGU Newbridge 9.99 -0.1%
GIXXU GigCapital9 10.04 0.4%
KTWOU K2 10.05 0.6%
XSLLU Xsolla 9.93 -0.7%
KRAQU KRAKacquisition 10.08 0.8%
MEVOU M Evo II 10.03 0.3%
SAAQU Space Asset 10.20 2.0%
MLAAU Mountain Lake II 10.00 0.0%

Top Performing SPACs

Symbol Name Price Unit Return
PRIM Primoris 160.72 3856%
VRT Vertiv 196.01 2475%
ASTS AST SpaceMobile 102.83 1385%
LMB Limbach Holdings 86.13 1221%
TGLS Tecnoglass 52.08 862%
RKLB Rocket Lab 73.60 843%
BLBD Blue Bird 59.50 735%
MP MP Materials 61.09 676%
OKLO Oklo 71.10 611%
SYM Symbotic 59.86 499%
CERE Cerevel Therapeutics 44.98 461%
TWNK Hostess Brands 33.32 342%
NAMS NewAmesterdam Pharma 34.30 319%
IONQ IonQ 35.50 315%
IMVT Immunovant 26.51 240%
ROIV Roivant Sciences 25.37 223%
MGY Magnolia Oil & Gas 26.99 222%
IRDM Iridium 19.80 221%
DKNG DraftKings 26.63 217%
WSC Williams Scotsman 22.26 176%
ROIC Retail Opportunity Investments (ROI) 17.49 175%
PWP Perella Weinberg 23.40 174%
MIR Mirion Technologies 24.07 172%
BWMX Betterware 17.97 144%
QBTS D-Wave 20.85 140%