SPAC and US Total IPO Activity

Year SPAC IPOs Total IPOs SPAC % SPAC Proceeds $M Total IPO Proceeds $M SPAC %
2026 137 212 65% 27,082 188,670 14%
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 1,705 399,393
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 250 54,310
Announced acquisition 105 16,437
Completed acquisition 824 190,908
Liquidated 525 137,394
Total 1,704 399,048
SPAC IPO pipeline 74 9,131

Recent SPAC IPO Performance

Symbol Name Price Unit Return
EWAVU East West 9.94 -0.6%
XIIIU Churchill XIII 10.49 4.9%
MTAKU Market Technology 9.94 -0.6%
PLCIU Pelican II 9.95 -0.5%
BRTMU B&R Technology 9.96 -0.4%
NCOOU Southern Cross 10.06 0.6%
AMACU AMR Resources 9.95 -0.5%
JONEU Jones Ventures 9.93 -0.7%
RACD Research Alliance IV 11.06 10.6%
SAMO/U Samos Energy 9.93 -0.7%
CCCTU Columbus Circle III 10.00 0.0%
MRCOU Mercator 10.03 0.3%
BCCQU Bleichroeder III 10.50 5.0%
FDMMU Freedom Metals 9.94 -0.6%

Top Performing SPACs

Symbol Name Price Unit Return
VRT Vertiv 271.45 3481%
PRIM Primoris 88.83 2058%
BLBD Blue Bird 76.61 992%
LMB Limbach Holdings 66.30 903%
ASTS AST SpaceMobile 69.50 885%
RKLB Rocket Lab 73.06 836%
IRDM Iridium 49.57 816%
TGLS Tecnoglass 46.26 745%
OUST Ouster 46.85 545%
MP MP Materials 47.70 498%
CERE Cerevel Therapeutics 44.98 461%
IMVT Immunovant 39.46 434%
IONQ IonQ 42.25 399%
SYM Symbotic 47.56 376%
ROIV Roivant Sciences 34.74 364%
TWNK Hostess Brands 33.32 342%
OKLO Oklo 43.46 335%
RSI Rush Street Interactive 28.39 268%
WSC Williams Scotsman 26.66 242%
NAMS NewAmesterdam Pharma 28.50 242%
MGY Magnolia Oil & Gas 24.75 192%
BRUN Boost Run 22.74 184%
DKNG DraftKings 23.63 177%
ROIC Retail Opportunity Investments (ROI) 17.49 175%
QBTS D-Wave 21.91 154%