In 2020, the popularity of special purpose acquisition companies (SPACs) exploded in the United States and the average initial return was also higher than in recent years. Initial return is the percentage value difference between the IPO offer price and the first-day market price. The mean initial return was 1.6 percent in 2020, up from 0.6 percent in the previous year. SPACs raised record levels of capital in 2020 - a trend which is likely to continue into 2021.
Average initial return after special purpose acquisition company (SPAC) IPOs in the United States from 2003 to 2020
The source adds the following information: "for 2004 to 2007, 25 of the initial returns are missing for OTC issues." OTC refers to over the counter, which means trading is done directly between two parties without the supervision of an exchange.
No data provided for 2009 by the source.
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Warrington College of Business. (December 31, 2020). Average initial return after special purpose acquisition company (SPAC) IPOs in the United States from 2003 to 2020 [Graph]. In Statista. Retrieved July 02, 2022, from https://www.statista.com/statistics/1198692/spac-ipo-initial-return-usa/
Warrington College of Business. "Average initial return after special purpose acquisition company (SPAC) IPOs in the United States from 2003 to 2020." Chart. December 31, 2020. Statista. Accessed July 02, 2022. https://www.statista.com/statistics/1198692/spac-ipo-initial-return-usa/
Warrington College of Business. (2020). Average initial return after special purpose acquisition company (SPAC) IPOs in the United States from 2003 to 2020. Statista. Statista Inc.. Accessed: July 02, 2022. https://www.statista.com/statistics/1198692/spac-ipo-initial-return-usa/
Warrington College of Business. "Average Initial Return after Special Purpose Acquisition Company (Spac) Ipos in The United States from 2003 to 2020." Statista, Statista Inc., 31 Dec 2020, https://www.statista.com/statistics/1198692/spac-ipo-initial-return-usa/
Warrington College of Business, Average initial return after special purpose acquisition company (SPAC) IPOs in the United States from 2003 to 2020 Statista, https://www.statista.com/statistics/1198692/spac-ipo-initial-return-usa/ (last visited July 02, 2022)
