Quarterly size of SPAC IPOs worldwide 2018-2021
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.
