|
Summary of Funds Raised
Year |
# of SPACs |
Average Deal Size (M) |
Gross Proceeds (M) |
2010 |
1 |
$54.6 |
$55 |
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 |
163 |
$135.2 |
$22,032 |
Summary of SPACs
|
# |
Gross Proceeds (M) |
SPAC
Annualized
Return
|
Russell 2000
Annualized
Return |
SPACs looking for an acquisition |
3 |
$141 |
4.7% |
-13.6% |
SPACs announced an acquisition target |
1 |
$1,035 |
0.8% |
-8.3% |
SPACs completed an acquisition |
95 |
$11,687 |
-17.8% |
-4.5% |
SPACs liquidated |
64 |
$9,170 |
0.0% |
-7.5% |
Total |
163 |
$22,032 |
-0.9% |
-5.0% |
* 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 June 8, 2010 |
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