|
Summary of Funds Raised
Year |
# of SPACs |
Average Deal Size (M) |
Gross Proceeds (M) |
2013 |
2 |
$188.0 |
$376 |
2012 |
9 |
$53.2 |
$479 |
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 |
196 |
$124.8 |
$24,451 |
Summary of SPACs
|
# |
Gross Proceeds (M) |
SPAC
Annualized
Return
|
Russell 2000
Annualized
Return |
SPACs looking for an acquisition |
11 |
$814 |
1.0% |
11.7% |
SPACs announced an acquisition target |
5 |
$294 |
0.5% |
9.6% |
SPACs completed an acquisition |
109 |
$13,747 |
-15.0% |
5.1% |
SPACs liquidated |
71 |
$9,596 |
0.0% |
4.2% |
Total |
196 |
$24,451 |
-1.5% |
6.6% |
* 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 May 20, 2013 |
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