The SPAC bubble burst in the second quarter of 2021 after five consecutive quarters of growth. The peak of the SPAC boom was reached when SPACs raised 82.8 billion U.S. dollars via IPOs in the first quarter of 2021. However, this number plummeted to only 11.9 billion U.S. dollars in the following quarter. In April 2021, the U.S. Securities and Exchange Commission (SEC) brought in new accounting rules for SPACs, which likely played a role in the drop in new SPAC IPO filings.
Proceeds of special purpose acquisition company (SPAC) IPOs worldwide from Q1 2018 to Q2 2021
(in billion U.S. dollars)
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CB Insights. (July 14, 2021). Proceeds of special purpose acquisition company (SPAC) IPOs worldwide from Q1 2018 to Q2 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/statistics/1250653/size-spac-ipos-quarterly/
CB Insights. "Proceeds of special purpose acquisition company (SPAC) IPOs worldwide from Q1 2018 to Q2 2021 (in billion U.S. dollars)." Chart. July 14, 2021. Statista. Accessed October 07, 2024. https://www.statista.com/statistics/1250653/size-spac-ipos-quarterly/
CB Insights. (2021). Proceeds of special purpose acquisition company (SPAC) IPOs worldwide from Q1 2018 to Q2 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/statistics/1250653/size-spac-ipos-quarterly/
CB Insights. "Proceeds of Special Purpose Acquisition Company (Spac) Ipos Worldwide from Q1 2018 to Q2 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 14 Jul 2021, https://www.statista.com/statistics/1250653/size-spac-ipos-quarterly/
CB Insights, Proceeds of special purpose acquisition company (SPAC) IPOs worldwide from Q1 2018 to Q2 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1250653/size-spac-ipos-quarterly/ (last visited October 07, 2024)
Proceeds of special purpose acquisition company (SPAC) IPOs worldwide from Q1 2018 to Q2 2021 (in billion U.S. dollars) [Graph], CB Insights, July 14, 2021. [Online]. Available: https://www.statista.com/statistics/1250653/size-spac-ipos-quarterly/