|
Summary of Funds Raised
Year |
# of SPACs |
Average Deal Size (M) |
Gross Proceeds (M) |
2008 YTD |
17 |
$225.8 |
$3,838 |
2007 |
66 |
$183.2 |
$12,093 |
2006 |
37 |
$91.5 |
$3,384 |
2005 |
28 |
$75.5 |
$2,113 |
2004 |
12 |
$40.4 |
$485 |
2003 |
1 |
$24.2 |
$24 |
Total |
161 |
$136.3 |
$21,938 |
Summary of SPACs
|
# |
Gross Proceeds (M) |
SPAC
Annualized
Return
|
Russell 2000
Annualized
Return |
SPACs looking for an acquisition |
66 |
$12,345 |
-2.3% |
-4.4% |
SPACs announced an acquisition target |
19 |
$2,868 |
1.4% |
-3.3% |
SPACs completed an acquisition |
56 |
$4,970 |
-16.5% |
4.3% |
SPACs liquidated |
20 |
$1,671 |
0.0% |
2.6% |
Total |
161 |
$21,854 |
-2.3% |
-0.2% |
* Median annualized returns
* Russell 2000 annualized return assumes the same dollar amount invested in the Russell 2000 as on the SPAC IPO date
* Completed SPAC acquisitions are not adjusted for a lower cost base from share / cash dividends / give backs
* Last update August 15, 2008 |
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