SPAC and US Total IPO Activity

Year SPAC IPOs Total IPOs SPAC % SPAC Proceeds $M Total IPO Proceeds $M SPAC %
2026 104 152 68% 19,993 53,813 37%
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 1,672 392,304
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 233 49,912
Announced acquisition 101 16,109
Completed acquisition 815 189,302
Liquidated 523 136,982
Total 1,672 392,304
SPAC IPO pipeline 74 9,768

Recent SPAC IPO Performance

Symbol Name Price Unit Return
IPVVU InterPrivate V 9.95 -0.5%
AESPU Aeon I 10.06 0.6%
APMCU AmperCap 9.98 -0.2%
KEYYU Keystone 10.02 0.2%
BIDWU Tribeca 9.97 -0.3%
DGAC/U Disciplined 10.02 0.2%
APURU Aperture AC 10.04 0.4%
OHACU Oceanhawk 10.14 1.4%
BRKHU Burtech II 9.99 -0.1%
FXACU FortuneX 10.06 0.6%
PECEU Peace 10.37 3.7%
RACC Research Alliance III 10.43 4.3%
AMAN Amanat 10.09 0.9%
GUACU Berto II 10.10 1.0%
PTACU Patriot 9.99 -0.1%

Top Performing SPACs

Symbol Name Price Unit Return
VRT Vertiv 307.62 3963%
PRIM Primoris 127.29 3020%
RKLB Rocket Lab 111.94 1354%
ASTS AST SpaceMobile 95.42 1274%
LMB Limbach Holdings 80.94 1137%
BLBD Blue Bird 70.36 898%
IRDM Iridium 47.50 775%
MP MP Materials 60.51 669%
TGLS Tecnoglass 42.13 663%
IONQ IonQ 58.54 603%
OKLO Oklo 59.34 493%
CERE Cerevel Therapeutics 44.98 461%
OUST Ouster 40.57 451%
SYM Symbotic 44.95 350%
TWNK Hostess Brands 33.32 342%
IMVT Immunovant 31.66 317%
BRUN Boost Run 31.10 309%
LUNR Intuitive Machines 29.70 288%
NAMS NewAmesterdam Pharma 31.84 286%
ROIV Roivant Sciences 29.34 283%
PL Planet Labs 33.20 275%
WSC Williams Scotsman 26.05 233%
MGY Magnolia Oil & Gas 27.85 233%
DKNG DraftKings 24.86 193%
QBTS D-Wave 24.43 187%