SPAC and US Total IPO Activity

Year SPAC IPOs Total IPOs SPAC % SPAC Proceeds $M Total IPO Proceeds $M SPAC %
2026 133 193 69% 26,517 143,128 19%
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 1,701 398,828
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 250 54,492
Announced acquisition 102 16,034
Completed acquisition 824 190,908
Liquidated 525 137,394
Total 1,701 398,828
SPAC IPO pipeline 75 9,431

Recent SPAC IPO Performance

Symbol Name Price Unit Return
MTAKU Market Technology 9.96 -0.4%
BRTMU B&R Technology 9.95 -0.5%
NCOOU Southern Cross 10.03 0.3%
AMACU AMR Resources 9.96 -0.4%
JONEU Jones Ventures 10.00 0.0%
RACD Research Alliance IV 10.90 9.0%
SAMO/U Samos Energy 9.94 -0.6%
CCCTU Columbus Circle III 10.01 0.1%
MRCOU Mercator 10.01 0.1%
BCCQU Bleichroeder III 10.10 1.0%
FDMMU Freedom Metals 9.95 -0.5%
VII/U Viking II 9.99 -0.1%
OSPRU Osprey III 10.06 0.6%
AAC/U Ares III 10.10 1.0%
MIACU Meridian3 9.98 -0.2%

Top Performing SPACs

Symbol Name Price Unit Return
VRT Vertiv 218.17 2771%
PRIM Primoris 74.75 1706%
LMB Limbach Holdings 68.00 931%
BLBD Blue Bird 72.32 927%
TGLS Tecnoglass 44.88 718%
IRDM Iridium 44.29 711%
ASTS AST SpaceMobile 52.45 629%
RKLB Rocket Lab 57.38 627%
CERE Cerevel Therapeutics 44.98 461%
IMVT Immunovant 38.59 421%
MP MP Materials 38.09 370%
TWNK Hostess Brands 33.32 342%
ROIV Roivant Sciences 32.87 336%
RSI Rush Street Interactive 31.00 308%
OUST Ouster 31.00 308%
SYM Symbotic 40.40 304%
IONQ IonQ 31.74 268%
OKLO Oklo 36.40 264%
NAMS NewAmesterdam Pharma 28.46 241%
WSC Williams Scotsman 24.13 204%
MGY Magnolia Oil & Gas 25.00 195%
DKNG DraftKings 24.46 188%
ROIC Retail Opportunity Investments (ROI) 17.49 175%
BWMX Betterware 17.47 134%
PL Planet Labs 19.20 107%