Size of traditional vs SPAC IPOs in the U.S. 2016-2021
In 2021, SPAC IPO proceeds accounted for 49 percent of total IPO proceeds in the United States. Only 51 percent of IPOs were traditional IPOs in that year, down from 79 percent in 2019. SPAC IPOs have been around for years, but the amount raised grew significantly in 2020 and 2021. Meanwhile, the size of traditional IPOs tends to mirror the economy as a whole.
