Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 404 | 126,990 |
| SPAC announced acquisition | 108 | 35,085 |
| SPACs completed acquisition | 286 | 56,555 |
| SPACs liquidated | 90 | 12,451 |
| Total | 888 | 231,081 |
| IPO pipeline | 188 | 50,435 |
SPAC and US IPO Activity
| Year | SPAC IPOs | Total IPOs | % | SPAC Proceeds $M | Total US IPO Proceeds $M | % |
|---|---|---|---|---|---|---|
| 2021 | 252 | 298 | 85% | 78,661 | 104,798 | 75% |
| 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 | 888 | 231,081 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| CFFEU | CF VIII | 10.01 | 0.1% |
| FTPAU | FTAC Parnassus | 10.21 | 2.1% |
| GTPAU | Gores Tech | 10.20 | 2.0% |
| GTPBU | Gores Tech II | 10.10 | 1.0% |
| ROSS/U | Ross II | 10.05 | 0.5% |
| SCAQU | Stratim Cloud | 10.00 | 0.0% |
| ATSPU | Archimedes | 9.93 | -0.7% |
| PTOCU | Pine Technology | 9.97 | -0.3% |
| DMYQ/U | dMY IV | 10.30 | 3.0% |
| IPVA/U | InterPrivate II | 10.04 | 0.4% |
| IPVF/U | InterPrivate III | 10.05 | 0.5% |
| IPVIU | InterPrivate IV | 10.09 | 0.9% |
| ATVCU | Tribe | 10.30 | 3.0% |
| WPCB/U | Warburg Pincus I-B | 10.09 | 0.9% |
| KVSA | Khosla | 10.43 | 4.3% |
| LHAA | Lerer Hippeau | 10.00 | 0.0% |
| FRSGU | First Reserve | 10.13 | 1.3% |
| TWNT/U | Tailwind Two | 10.05 | 0.5% |
| VPCBU | VPC Impact II | 10.03 | 0.3% |
| VPCC/U | VPC Impact III | 10.00 | 0.0% |
| WPCA/U | Warburg Pincus I-A | 10.05 | 0.5% |
| AGAC/U | African Gold | 9.98 | -0.2% |
| ARYD | ARYA IV | 10.98 | 9.8% |
| AUS/U | Austerlitz | 10.20 | 2.0% |
| ASZ/U | Austerlitz II | 10.20 | 2.0% |
| FACT/U | Freedom | 10.05 | 0.5% |
| FSNB/U | Fusion II | 10.00 | 0.0% |
| IBER/U | Ibere | 9.96 | -0.4% |
| LIII/U | LEO III | 10.00 | 0.0% |
| MACQU | MCAP | 10.00 | 0.0% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| DKNG | DraftKings | 71.75 | 818% |
| QS | QuantumScape | 58.31 | 717% |
| IRDM | Iridium | 41.46 | 654% |
| BWMX | Betterware | 38.11 | 547% |
| DNMR | Danimer Scientific | 41.84 | 470% |
| MP | MP Materials | 42.28 | 425% |
| PRIM | Primoris | 41.12 | 414% |
| LPRO | Open Lending | 40.04 | 396% |
| AHCO | AdaptHealth | 37.17 | 357% |
| PRPL | Purple Innovation | 33.40 | 344% |
| STPK | Star Peak Energy / Stem | 35.43 | 334% |
| SPCE | Virgin Galactic | 34.55 | 322% |
| RPAY | Repay | 24.94 | 284% |
| APPH | AppHarvest | 23.33 | 252% |
| KW | Kennedy-Wilson | 20.74 | 240% |
| CIIC | CIIG / Arrival | 26.37 | 238% |
| SKLZ | Skillz | 29.32 | 238% |
| CHPT | ChargePoint | 27.84 | 233% |
| OPEN | Opendoor | 27.05 | 222% |
| TTCF | Tattooed Chef | 21.39 | 213% |
| UTZ | Utz Brands | 26.17 | 211% |
| CLVT | Clarivate | 23.92 | 201% |
| CCIV | Churchill IV / Lucid | 26.77 | 198% |
| VINC | Vincera Pharma | 22.47 | 180% |
| VRT | Vertiv | 21.07 | 143% |
| TPGY | TPG Pace Beneficial / EVBox | 20.62 | 124% |
| BFLY | Butterfly Network | 18.90 | 114% |
| HTOO | Fusion Fuel | 15.66 | 98% |
| VVNT | Vivint Smart Home | 16.56 | 82% |
| RIDE | Lordstown Motors | 14.78 | 59% |