|
Summary of Funds Raised
Year |
# of SPACs |
Average Deal Size (M) |
Gross Proceeds (M) |
2011 |
16 |
$69.4 |
$1,110 |
2010 |
7 |
$71.8 |
$503 |
2009 |
1 |
$36.0 |
$36 |
2008 |
17 |
$226.0 |
$3,842 |
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 |
185 |
$127.5 |
$23,591 |
Summary of SPACs
|
# |
Gross Proceeds (M) |
SPAC
Annualized
Return
|
Russell 2000
Annualized
Return |
SPACs looking for an acquisition |
22 |
$1,558 |
0.0% |
-13.1% |
SPACs announced an acquisition target |
|
$0 |
0.0% |
0.0% |
SPACs completed an acquisition |
98 |
$12,812 |
-22.3% |
-0.1% |
SPACs liquidated |
65 |
$9,220 |
0.0% |
-1.0% |
Total |
185 |
$23,591 |
-1.4% |
0.7% |
* 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 January 2, 2012 |
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