Size of European SPAC IPOs in the U.S. vs Europe 2010-2021
European SPACs listed on stock exchanges in the United States raised twice as much as those which listed on European exchanges in the first two months of 2021. Special purpose acquisition companies (SPACs) listed in Europe raised 2.5 billion U.S. dollars in 2017, which remains the year with the most SPAC activity in Europe over the past decade. Special purpose acquisition companies are public companies with neither a specific business plan, nor a product or service to sell. The specific purpose of SPACs is to raise capital and then merge with, or acquire a private company.
