SPAC and US Total IPO Activity

Year SPAC IPOs Total IPOs SPAC % SPAC Proceeds $M Total IPO Proceeds $M SPAC %
2026 14 15 93% 3,279 3,482 94%
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 1,582 375,591
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 170 37,767
Announced acquisition 102 16,867
Completed acquisition 793 185,010
Liquidated 517 135,947
Total 1,582 375,591
SPAC IPO pipeline 80 11,141

Recent SPAC IPO Performance

Symbol Name Price Unit Return
HLXC Helix III 10.23 2.3%
ARCIU Archimedes III 10.28 2.8%
LEGO/U Legato IV 14.30 43.0%
PTORU Praetorian 9.96 -0.4%
ALOVU Aldabra 4 Liquidity 9.99 -0.1%
XCBEU X3 10.00 0.0%
FGIIU FG Imperii 9.99 -0.1%
IEAGU Infinite Eagle 10.21 2.1%
OIMAU OneIM 10.10 1.0%
ZKPU Lafayette Digital 10.05 0.5%
BBCQU Bleichroeder II 10.08 0.8%
SORNU Soren 9.97 -0.3%
ARTCU Art Technology 10.01 0.1%
BIII/U Black Spade III 10.03 0.3%
SVAQU Silicon Valley 10.01 0.1%
SCPQU Social Commerce 9.99 -0.1%

Top Performing SPACs

Symbol Name Price Unit Return
PRIM Primoris 148.07 3539%
VRT Vertiv 181.96 2288%
ASTS AST SpaceMobile 113.39 1543%
LMB Limbach Holdings 81.41 1145%
RKLB Rocket Lab 88.66 1044%
TGLS Tecnoglass 50.64 833%
MP MP Materials 69.35 786%
OKLO Oklo 87.43 774%
BLBD Blue Bird 49.57 586%
SYM Symbotic 62.09 521%
IONQ IonQ 47.56 466%
CERE Cerevel Therapeutics 44.98 461%
TWNK Hostess Brands 33.32 342%
NAMS NewAmesterdam Pharma 33.32 306%
DKNG DraftKings 29.92 261%
IRDM Iridium 21.68 259%
IMVT Immunovant 26.19 235%
QBTS D-Wave 25.69 204%
SOFI SoFi 25.83 194%
MIR Mirion Technologies 25.52 190%
MGY Magnolia Oil & Gas 24.10 183%
ROIV Roivant Sciences 22.21 176%
ROIC Retail Opportunity Investments (ROI) 17.49 175%
RGTI Rigetti 23.68 167%
BWMX Betterware 18.96 164%