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%