SPAC and US Total IPO Activity

Year SPAC IPOs Total IPOs SPAC % SPAC Proceeds $M Total IPO Proceeds $M SPAC %
2026 135 210 64% 26,977 188,565 14%
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 1,703 399,288
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 251 54,780
Announced acquisition 103 16,207
Completed acquisition 824 190,908
Liquidated 525 137,394
Total 1,703 399,288
SPAC IPO pipeline 74 9,131

Recent SPAC IPO Performance

Symbol Name Price Unit Return
EWAVU East West 0.00 -1
XIIIU Churchill XIII 0.00 -1
MTAKU Market Technology 9.96 -0.4%
PLCIU Pelican II 9.96 -0.4%
BRTMU B&R Technology 9.95 -0.5%
NCOOU Southern Cross 10.04 0.4%
AMACU AMR Resources 10.05 0.5%
JONEU Jones Ventures 9.93 -0.7%
RACD Research Alliance IV 11.01 10.1%
SAMO/U Samos Energy 9.94 -0.6%
CCCTU Columbus Circle III 10.00 0.0%
MRCOU Mercator 10.02 0.2%
BCCQU Bleichroeder III 10.09 0.9%
FDMMU Freedom Metals 10.03 0.3%
VII/U Viking II 9.90 -1.0%
OSPRU Osprey III 10.11 1.1%

Top Performing SPACs

Symbol Name Price Unit Return
VRT Vertiv 241.84 3086%
PRIM Primoris 84.73 1956%
LMB Limbach Holdings 71.67 989%
BLBD Blue Bird 75.10 969%
IRDM Iridium 46.66 758%
RKLB Rocket Lab 64.16 717%
ASTS AST SpaceMobile 57.88 711%
TGLS Tecnoglass 43.68 694%
CERE Cerevel Therapeutics 44.98 461%
IMVT Immunovant 38.58 421%
MP MP Materials 41.81 419%
OUST Ouster 37.50 405%
ROIV Roivant Sciences 34.02 353%
TWNK Hostess Brands 33.32 342%
IONQ IonQ 36.36 326%
SYM Symbotic 41.92 319%
OKLO Oklo 39.88 299%
RSI Rush Street Interactive 27.19 250%
NAMS NewAmesterdam Pharma 27.89 234%
WSC Williams Scotsman 24.03 203%
MGY Magnolia Oil & Gas 25.27 199%
ROIC Retail Opportunity Investments (ROI) 17.49 175%
DKNG DraftKings 23.44 174%
BRUN Boost Run 19.25 131%
BWMX Betterware 16.93 124%