Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 385 119,988
SPAC announced acquisition 106 35,074
SPACs completed acquisition 283 55,613
SPACs liquidated 90 12,451
Total 864 223,127
IPO pipeline 166 45,465

SPAC and US IPO Activity

Year SPAC IPOs Total IPOs % SPAC Proceeds $M Total US IPO Proceeds $M %
2021 228 274 83% 70,707 96,844 73%
2020 248 450 55% 83,341 179,344 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 28 252 11% 2,113 61,893 3%
2004 12 268 4% 485 72,865 1%
2003 1 127 1% 24 49,954 0%
Total 864 223,127
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
IBER/U Ibere 10.05 0.5%
LIII/U LEO III 10.02 0.2%
AGAC/U African Gold 9.97 -0.3%
ANAC/U Arctos Northstar 10.11 1.1%
ARYD ARYA IV 10.80 8.0%
AUS/U Austerlitz 10.20 2.0%
ASZ/U Austerlitz II 10.25 2.5%
FACT/U Freedom 10.04 0.4%
FSNB/U Fusion II 10.06 0.6%
MACQU MCAP 10.06 0.6%
SBEAU SilverBox 10.03 0.3%
TWLVU Twelve Seas II 10.05 0.5%
VELOU Velocity 10.08 0.8%
WARR/U Warrior 10.10 1.0%
COLIU Colicity 10.25 2.5%
EJFAU EJF 10.03 0.3%
FLME/U Flame 10.02 0.2%
GIIXU Gores VIII 10.15 1.5%
HIIIU Hudson Executive III 10.29 2.9%
ISLEU Isleworth 10.04 0.4%
HUGS/U USHG 10.06 0.6%
BRPMU B. Riley 150 10.14 1.4%
BOAS/U BOA 10.08 0.8%
GLBLU Cartesian 10.08 0.8%
SRNGU Soaring Eagle 10.61 6.1%
KAIIU Kismet II 10.08 0.8%
KIIIU Kismet III 10.00 0.0%
SLAMU Slam 10.21 2.1%
ASPCU Alpha Capital 10.24 2.4%
BTNB Bridgetown 2 10.93 9.3%

Top Performing SPACs

Symbol Name Price Unit Return
DKNG DraftKings 59.52 655%
IRDM Iridium 37.70 579%
BWMX Betterware 39.33 572%
QS QuantumScape 44.39 508%
MP MP Materials 39.10 383%
PRIM Primoris 36.38 355%
LPRO Open Lending 36.34 346%
DNMR Danimer Scientific 32.80 334%
PRPL Purple Innovation 31.18 310%
AHCO AdaptHealth 31.14 277%
RPAY Repay 22.96 244%
SPCE Virgin Galactic 27.29 226%
KW Kennedy-Wilson 19.74 220%
SKLZ Skillz 27.45 214%
CHPT ChargePoint 26.13 210%
STPK Star Peak Energy / Stem 24.67 191%
UTZ Utz Brands 24.08 183%
CCIV Churchill IV / Lucid 24.40 170%
TTCF Tattooed Chef 19.12 167%
CLVT Clarivate 21.28 162%
OPEN Opendoor 21.99 155%
VRT Vertiv 20.05 129%
VINC Vincera Pharma 18.93 126%
APPH AppHarvest 16.87 122%
CIIC CIIG / Arrival 18.59 121%
TPGY TPG Pace Beneficial / EVBox 18.07 94%
RIDE Lordstown Motors 16.77 85%
BFLY Butterfly Network 16.12 77%
HTOO Fusion Fuel 13.69 59%
VVNT Vivint Smart Home 14.74 58%