SPAC and US Total IPO Activity

Year SPAC IPOs Total IPOs SPAC % SPAC Proceeds $M Total IPO Proceeds $M SPAC %
2026 45 52 87% 9,813 12,716 77%
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 1,613 382,125
* IPOs greater than $40M, excludes direct listings.

Summary of SPACs

  # Proceeds $M
Seeking acquisition 200 44,128
Announced acquisition 99 16,038
Completed acquisition 795 185,493
Liquidated 519 136,465
Total 1,613 382,125
SPAC IPO pipeline 70 9,199

Recent SPAC IPO Performance

Symbol Name Price Unit Return
AACOU Abony 9.97 -0.3%
ACAAU Averin 9.99 -0.1%
PALOU Paloma 9.98 -0.2%
AACIU Armada III 9.97 -0.3%
PAACU Proem 9.98 -0.2%
WLIIU Willow II 10.11 1.1%
CMIIU Columbus Circle II 9.99 -0.1%
DBCAU D. Boral 9.97 -0.3%
RFAMU RF III 9.92 -0.8%
HACQU HCM IV 10.04 0.4%
SVIVU Spring Valley IV 10.13 1.3%
XFLH/U XFLH Capital 9.96 -0.4%
IACOU Idea 9.92 -0.8%
TMTSU Spartacus II 10.04 0.4%
SSACU SPACSphere 10.05 0.5%
CAQUU Cambridge 9.97 -0.3%

Top Performing SPACs

Symbol Name Price Unit Return
PRIM Primoris 165.49 3975%
VRT Vertiv 243.31 3106%
LMB Limbach Holdings 94.41 1353%
ASTS AST SpaceMobile 84.84 1115%
RKLB Rocket Lab 75.93 874%
TGLS Tecnoglass 51.50 850%
BLBD Blue Bird 60.09 744%
MP MP Materials 58.25 638%
OKLO Oklo 66.20 562%
CERE Cerevel Therapeutics 44.98 461%
SYM Symbotic 55.15 451%
TWNK Hostess Brands 33.32 342%
NAMS NewAmesterdam Pharma 34.55 322%
IRDM Iridium 22.95 284%
IONQ IonQ 32.88 282%
ROIV Roivant Sciences 27.47 255%
IMVT Immunovant 26.26 236%
MGY Magnolia Oil & Gas 26.93 221%
ROIC Retail Opportunity Investments (ROI) 17.49 175%
WSC Williams Scotsman 22.07 174%
BWMX Betterware 19.22 169%
DKNG DraftKings 22.25 158%
MIR Mirion Technologies 21.35 138%
PWP Perella Weinberg 20.12 130%
QBTS D-Wave 19.10 116%