Size of SPAC acquisition deals globally 2018-2021

February 2021 was the strongest month yet for SPAC acquisitions globally when the value of these deals exceeded 100 billion U.S. dollars. In contrast, the total value of SPAC acquisitions amounted to 152 billion U.S. dollars for the entire year of 2020. A special purpose acquisition company (SPAC) is a company with no business operations which is set up for the sole purpose of raising capital through an initial public offering with the goal of buying an existing company. Historical data shows that the average initial returns after SPAC IPOs can vary, though have been generally positive over the past two decades.