us spac monitor · 2020. 12. 20. · 17-dec 10.40 seven oaks acquisition corp. svoku 225 s+w/2...
TRANSCRIPT
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US SPAC MONITORDec 21, 2020www.spacalpha.com
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DISCLAIMER
This Presentation (the “Presentation”) is provided on a strictly informational basis only. By reviewing or reading this Presentation, you will bedeemed to have agreed to the obligations and restrictions set out below. Without the express prior written consent of SPAC Alpha LLC, the Presentation andany information contained within it may not be (i) reproduced (in whole or in part), (ii) copied at any time, (iii) used for making investment decisions. ThisPresentation does not constitute or form part of, and should not be construed as, an offer, invitation or inducement to purchase or subscribe for securitiesnor shall it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. This Presentation does notconstitute either advice or a recommendation regarding any securities. This Presentation shall not constitute an offer to sell or the solicitation of an offer tobuy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualificationunder the securities laws of any such state.
No representations or warranties, express or implied are given in, or in respect of, this Presentation. To the fullest extent permitted by law in nocircumstances will SPAC Alpha, or any of its respective subsidiaries, shareholders, affiliates, representatives, partners, directors, officers, employees, advisersor agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this Presentation, its contents (includingeconomic models or any other materials from SPAC Alpha), its omissions, reliance on the information contained within it, or on opinions communicated inrelation thereto or otherwise arising in connection therewith. The information contained in this Presentation has not been independently verified. Recipientsof this Presentation are not to construe its contents, or any prior or subsequent communications from or with SPAC Alpha or its representatives asinvestment, legal or tax advice. In addition, this Presentation does not purport to be all-inclusive or to contain all the information related to the subjectmatter. Recipients of this Presentation should each make their own evaluation of the subject matter and of the relevance and adequacy of the informationand should make such other investigations as they deem necessary.
This Presentation contains illustrative returns, projections, estimates and beliefs and similar information (“Forward Looking Information”). ForwardLooking Information is subject to inherent uncertainties and qualifications and is based on numerous assumptions, in each case whether or not identified inthe Presentation. Forward Looking Information is provided for illustrative purposes only and is not intended to serve as and must not be relied on by anyinvestor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Nothing in this Presentation should be construed as aprofit forecast. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Some important factors that couldcause actual results to differ materially from those in any Forward-Looking Information could include changes in domestic and foreign business, market,Financials, political, and legal conditions. There can be no assurance that any Forward-Looking Information will be realized, and the performance may bematerially and adversely different from the Forward-Looking Information. The Forward-Looking Information speaks only as of the date of this Presentation.SPAC Alpha expressly disclaims any obligation or undertaking to release any updates or revisions to any Forward Looking Information to reflect any change inSPAC Alpha’s expectations with regard thereto or any changes in events, conditions or circumstances on which any Forward Looking Information is based.Accordingly, undue reliance should not be placed upon the Forward-Looking Information.
The communication of this Presentation is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction where suchdistribution or use would be contrary to local law or regulation. This Agreement supersedes and replaces all previous oral or written agreements,memoranda, correspondence, or other communications between the parties hereto relating to the subject matter hereof.
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SPAC IPO & IBC ACTIVITY
3
413
23 28
53
58
2016 2017 2018 2019 2020
Number of SPAC IBCs
$7.0$15.6 $23.6 $25.2
$78.5
$92.3
2016 2017 2018 2019 2020
Value of SPAC IBCs, $billion
Data source: SPAC Research. IBC is Initial Business Combination.
1334 46 59
242
47
2016 2017 2018 2019 2020
Number of SPAC IPOs
$3.5$10.0 $10.8 $13.6
$81.4
$9.0
2016 2017 2018 2019 2020
Value of SPAC IPOs, $billion
Filed but pendingIPO Priced/IBCs Closed
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CURRENT SPAC PIPELINE
4
Current SPAC Pipeline Number Value, $billion
S-1 filings 47 9.0
Total active SPACs 284 88.5
- Searching for IBCs 226 72.7
- Live IBCs 58IPO: 15.8
EV: 92.3
Closed SPAC IBCs 53 78.5
Liquidated SPACs 2 0.2
Data source: SPAC Research
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WEEKLY SPAC ACTIVITY
5
SPAC Activity Last Week Number Value, $million
S-1 filings 19 3,945
IPOs priced 12 3,128
New IBCs announced 7IPO: 1,567
EV: 6,676
IBCs closed 5IPO: 1,412
EV: 8,736
SPACs liquidated 0 0
Data source: SPAC Research
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SPAC IPOs PRICED: LAST WEEK (I)
6Data source: SPAC Research
SPAC TickerIPO Size,
$MIPO Unit Focus Sponsor(s)
Pricing
DateFri Price, $
INSU Acquisition Corp. III IIIIU 218 S+W/3 Financials, US3rd SPAC by INSU team,
Daniel Cohen17-Dec 10.40
Seven Oaks Acquisition Corp. SVOKU 225 S+W/2 General, US 1st time SPAC team 17-Dec 10.16
MedTech Acquisition Corporation
MTACU 220 S+W/3 Healthcare, US 1st time SPAC team 17-Dec 10.36
Golden Falcon Acquisition Corp.
GFX.U 300 S+W/2 Technology, Global 1st time SPAC team 17-Dec 10.29
Dune Acquisition Corporation DUNEU 150 S+W/2 Technology, US 1st time SPAC team 17-Dec 10.12
Corner Growth Acquisition Corp.
COOLU 350 S+W/3 Technology, US Corner Ventures 16-Dec 10.35
ScION Tech Growth I SCOAU 500 S+W/3 Financials, US ION Investment Group 16-Dec 10.18
Churchill Capital Corp V CCV.U 450 S+W/4 General, US5th SPAC by M. Klein
and Co. team15-Dec 10.40
KINS Technology Group Inc. KINZU 240 S+W/2 Technology, US 1st time SPAC team 15-Dec 10.23
Blue Water Acquisition Corp. BLUWU 50 S+W Healthcare, US/Europe 1st time SPAC team 15-Dec 10.25
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SPAC IPOs PRICED: LAST WEEK (II)
7Data source: SPAC Research
SPAC TickerIPO Size,
$MIPO Unit Focus Sponsor(s)
Pricing
DateFri Price, $
Americas Technology Acquisition Corp.
ATA.U 100 S+W/2 Technology, US Fifth Partners 14-Dec 10.21
Marquee Raine Acquisition Corp.
MRACU 325 S+W/4 Technology, USRaine Group, Tom
Ricketts14-Dec 10.54
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SPAC S-1 FILINGS: LAST WEEK (I)
8Data source: SPAC Research
SPAC TickerFiled IPO
Size, $MIPO Unit Focus Sponsor(s)
Filing
Date
LightJump Acquisition Corporation LJAQU 100 S+W Technology, US 1st time SPAC team 18-Dec
Poema Global Holdings Corp. PPGHU 250 S+W/2Technology, Europe/Asia
Princeville Capital 18-Dec
Locust Walk Acquisition Corp. LWACU 130 S+W/3Healthcare, US/Europe
Locust Walk Partners 18-Dec
VectoIQ Acquisition Corp. II VTIQU 300 S+W/3Industrial/Tech,
US2nd SPAC by
VectoIQ team18-Dec
Star Peak Corp II STPC.U 350 S+W/3 General, US2nd SPAC by
Star Peak team18-Dec
Bright Lights Acquisition Corp. BLTSU 200 S+W/2 Consumer, US 1st time SPAC team 18-Dec
Ivanhoe Capital Acquisition Corp. IVAN.U 200 S+W/3 Energy, US 1st time SPAC team 18-Dec
Switchback II Corporation SWBK.U 250 S+W/5 Energy, US2nd SPAC by
Switchback team18-Dec
Rotor Acquisition Corp. ROT.U 200 S+W/2Industrial/Consumer,
US1st time SPAC team 18-Dec
Global Synergy Acquisition Corp. GSAQU 225 S+W/2 Technology, US Everstone 18-Dec
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SPAC S-1 FILINGS: LAST WEEK (II)
9Data source: SPAC Research
SPAC TickerFiled IPO
Size, $MIPO Unit Focus Sponsor(s)
Filing
Date
Crucible Acquisition Corp CRU.U 200 S+W/3 Technology, US Foundry Group 18-Dec
Venus Acquisition Corp VENU 40 S+W+R General, Asia 2nd SPAC by team 18-Dec
Prospector Capital Corp. PRSRU 250 S+W/3 Technology, US 1st time SPAC team 18-Dec
Hamilton Lane Alliance Holdings I, Inc. HLAHU 200 S+W/3 General, US Hamilton Lane 18-Dec
Altimeter Growth Corp. 2 AGCB 200 S Technology, US2nd SPAC by Altimeter
team17-Dec
KL Acquisition Corp KLAQU 250 S+W/3 Healthcare, US Kennedy Lewis 17-Dec
Vickers Vantage Corp. I VCKAU 100 S+W/2 General, GlobalVickers Venture
Partners15-Dec
Epiphany Technology Acquisition Corp. EPHYU 350 S+W/3 Technology, US 1st time SPAC team 15-Dec
KludeIn I Acquisition Corp. INKAU 150 S+W/2 Technology, US 1st time SPAC team 15-Dec
Global Synergy Acquisition Corp. GSAQU 225 S+W/2 Technology, US Everstone 18-Dec
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LIVE IBCs (I)
10Data source: SPAC Research *Unit price
SPAC Ticker Target Focus EV, $M EV/IPOIBCs
AnnouncedFri Price, $
Deerfield Healthcare Technology Acquisitions Corp.
DFHTCareMax Medical/IMC
MedicalHealthcare,
US692 4.8x 18-Dec 14.35
FinServ Acquisition Corp. FSRV KatapultTechnology,
US993 4.0x 18-Dec 14.25
Northern Star Acquisition Corp.
STIC.U BARKConsumer,
US1,642 6.5x 17-Dec 13.50*
New Providence Acquisition Corp.
NPA AST SpaceMobileCommunication,
US1,392 6.0x 16-Dec 11.00
Thunder Bridge Acquisition II, Ltd.
THBR indie SemiconductorTechnology,
US982 2.8x 15-Dec 10.50
Experience Investment Corp. EXPC BladeIndustrials,
US450 1.6x 15-Dec 10.66
Big Rock Partners Acquisition Corp.
BRPA NeuroRxHealthcare,
US525 7.6x 14-Dec 15.40
Collective Growth Corporation
CGRO InnovizIndustrials,
US1,033 6.9x 11-Dec 12.00
Forum Merger III Corporation FIII Electric Last MileIndustrials,
US1,196 4.8x 11-Dec 11.30
TPG Pace Beneficial Finance Corp.
TPGY EVBoxIndustrials,
Europe969 2.8x 10-Dec 25.00
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LIVE IBCs (II)
11Data source: SPAC Research
SPAC Ticker Target Focus EV, $M EV/IPOIBCs
AnnouncedFri Price, $
GigCapital3, Inc. GIK Lightning eMotorsAuto,
US651 3.2x 10-Dec 10.96
Silver Spike Acquisition Corp. SSPK WM Holding CompanyConsumer,
US1,398 5.6x 10-Dec 12.50
Vesper Healthcare Acquisition Corp.
VSPR HydraFacialConsumer,
US1,140 2.5x 9-Dec 10.92
Foley Trasimene Acquisition Corp. II
BFT PaysafeFinancials,
Global9,000 6.1x 7-Dec 13.92
Star Peak Energy Transition Corp.
STPK StemIndustrials,
US829 2.2x 4-Dec 18.06
CF Finance Acquisition Corp. II CFII ViewTechnology,
US1,628 3.3x 30-Nov 10.60
Northern Genesis Acquisition Corp.
NGA Lion ElectricAuto,
US1,505 4.7x 30-Nov 15.00
INSU Acquisition Corp. II INAQ MetromileTechnology,
US956 4.2x 24-Nov 14.11
GigCapital2, Inc. GIXUpHealth/Cloudbreak
HealthHealthcare,
US1,350 7.8x 23-Nov 10.34
Apex Technology Acquisition Corporation
APXT AvePointTechnology,
US1,738 5.0x 23-Nov 14.38
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LIVE IBCs (III)
12Data source: SPAC Research
SPAC Ticker Target Focus EV, $M EV/IPOIBCs
AnnouncedFri Price, $
Longview Acquisition Corp. LGVW Butterfly NetworkHealthcare,
US1,500 3.6x 20-Nov 14.79
CIIG Merger Corp. CIIC ArrivalAuto,
US5,400 20.8x 18-Nov 29.08
Roth CH Acquisition I Co. ROCH PureCycleIndustrials,
US826 10.7x 16-Nov 14.27
Newborn Acquisition Corp. NBAC NuvveIndustrials,
US132 2.3x 12-Nov 16.95
Jaws Acquisition Corp. JWS Cano HealthHealthcare,
US4,400 6.4x 12-Nov 13.87
InterPrivate Acquisition Corp. IPV AevaIndustrials,
US1,803 7.5x 2-Nov 13.05
Alberton Acquisition Corporation
ALAC SolarMaxEnergy,
US/China300 2.6x 28-Oct 10.96
dMY Technology Group, Inc. II DMYD Genius SportsTechnology,
Global1,500 5.4x 27-Oct 15.30
Longevity Acquisition Corporation
LOAC 4D pharmaHealthcare,
UK38 0.9x 22-Oct 10.88
Acamar Partners Acquisition Corp.
ACAM CarLotzTechnology,
US827 2.7x 22-Oct 10.32
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LIVE IBCs (IV)
13Data source: SPAC Research
SPAC Ticker Target Focus EV, $M EV/IPOIBCs
AnnouncedFri Price, $
Panacea Acquisition Corp. PANA Nuvation BioHealthcare,
US1,319 9.2x 21-Oct 10.30
South Mountain Merger Corp. SMMC BilltrustFinancials,
US1,293 5.2x 19-Oct 15.46
FS Development Corp. FSDC Gemini TherapeuticsHealthcare,
US266 2.2x 15-Oct 10.31
CC Neuberger Principal Holdings I
PCPL E2OpenTechnology,
US2,565 6.2x 14-Oct 10.39
Churchill Capital Corp II CCXSkillsoft & Global
KnowledgeTechnology,
Global1,037 1.5x 13-Oct 10.18
AMCI Acquisition Corp. AMCI Advent TechnologiesEnergy,
US358 1.6x 13-Oct 12.85
Replay Acquisition Corp. RPLA Finance of AmericaFinancials,
US2,012 7.0x 13-Oct 10.28
Stable Road Acquisition Corp. SRAC MomentusIndustrials,
US1,200 6.9x 7-Oct 14.71
Social Capital Hedosophia Holdings Corp. III
IPOC Clover HealthHealthcare,
US3,702 4.5x 6-Oct 12.08
RMG Acquisition Corp. RMG Romeo PowerIndustrial,
US993 4.2x 5-Oct 21.95
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LIVE IBCs (V)
14Data source: SPAC Research
SPAC Ticker Target Focus EV, $M EV/IPOIBCs
AnnouncedFri Price, $
Live Oak Acquisition Corp. LOAK Danimer ScientificIndustrial,
US525 2.6x 5-Oct 18.00
Oaktree Acquisition Corp. OAC HimsConsumer,
US1,592 7.9x 1-Oct 12.05
Mountain Crest Acquisition Corp
MCAC PlayboyConsumer,
US413 7.2x 1-Oct 10.33
Novus Capital Corporation NOVS AppHarvestAgriculture,
US550 5.5x 29-Sep 16.07
LifeSci Acquisition Corp. LSAC Vincera PharmaHealthcare,
US77 1.2x 29-Sep 16.74
Switchback Energy Acquisition Corporation
SBE ChargePointIndustrials,
US2,400 7.6x 24-Sep 35.99
East Stone Acquisition Corporation
ESSC UfinFinancials,
China450 3.2x 23-Sep 9.99
Gores Holdings IV, Inc. GHIVUnited Wholesale
MortgageFinancials,
US15,125 37.9x 23-Sep 10.72
Pivotal Investment Corporation II
PIC XL FleetAuto,
US1,087 4.7x 18-Sep 15.32
Haymaker Acquisition Corp. II HYAC ARKO HoldingsConsumer,
US2,000 5.0x 9-Sep 9.33
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LIVE IBCs (VI)
15Data source: SPAC Research
SPAC Ticker Target Focus EV, $M EV/IPOIBCs
AnnouncedFri Price, $
Tottenham Acquisition I Limited
TOTA Clene NanomedicineHealthcare,
US543 11.8x 2-Sep 11.11
LF Capital Acquisition Corp. LFAC Landsea HomesReal Estate,
US631 4.1x 31-Aug 10.81
Hennessy Capital Acquisition Corp. IV
HCAC CanooAuto,
US1,840 6.1x 18-Aug 19.29
Megalith Financial Acquisition MFAC BankMobileFinancials,
US140 0.8x 6-Aug 12.71
PropTech Acquisition PTAC Porch.comTechnology,
US523 3.0x 31-Jul 11.51
dMY Technology Group DMYTRush Street Interactive
Gaming, US
1,780 7.7x 27-Jul 20.60
Landcadia Holdings II LCAGolden Nugget Online Gaming
Consumer, US
745 2.4x 29-Jun 21.26
Monocle Acquisition MNCL AerSaleIndustrials,
US367 2.1x 9-Dec-2019 10.98
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CLOSED IBCs IN 2020 (I)
16Data source: SPAC Research
SPACNew
TickerTarget Focus EV, $M EV/IPO IBCs Closed Fri Price, $
Social Capital HedosophiaHoldings Corp. II
OPEN OpendoorTechnology,
US4,768 11.5x 18-Dec 29.50
Schultze Special Purpose Acquisition
CLVR Clever LeavesConsumer,
US206 1.6x 18-Dec 13.00
Opes Acquisition BFI BurgerFiConsumer,
US143 1.2x 16-Dec 16.00
Flying Eagle Acquisition Corp. SKLZ SkillzTechnology,
US3,500 5.1x 16-Dec 20.92
Tenzing Acquisition RVPHReviva
PharmaceuticalsHealthcare,
US119 1.9x 14-Dec 7.92
Trine Acquisition Corp. DM Desktop MetalIndustrials,
US1,800 6.0x 10-Dec 16.09
HL Acquisitions HTOO Fusion FuelEnergy, Europe
97 1.7x 9-Dec 16.16
Gores Metropoulos, Inc. LAZR LuminarAuto,
US2,900 7.3x 2-Dec 27.62
Kensington Capital Acquisition Corp.
QS QuantumScapeAuto,
US3,321 14.3x 27-Nov 73.73
Legacy Acquisition Corp. ID OnyxTechnology,
US331 1.1x 20-Nov 4.72
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CLOSED IBCs IN 2020 (II)
17Data source: SPAC Research
SPACNew
TickerTarget Focus EV, $M EV/IPO IBCs Closed Fri Price, $
Fortress Value Acquisition MP MP MaterialsMaterials,
US1,000 2.9x 18-Nov 32.51
CF Finance Acquisition GCMG GCM GrosvenorFinancials,
US2,175 7.7x 17-Nov 12.69
Orisun Acquisition UK UcommuneReal Estate,
China765 17.3x 17-Nov 6.50
B. Riley Principal Merger Corp. II
EOSE Eos Energy StorageEnergy,
US550 3.1x 16-Nov 14.56
Netfin Acquisition TRIT TriterrasFinancials, Singapore
674 2.7x 11-Nov 8.45
KBL Merger IV ATNF 180 Life SciencesHealthcare,
US175 1.5x 6-Nov 2.77
Healthcare Merger Corp. TLMD SOC TelemedHealthcare,
US720 2.3x 30-Oct 8.07
Spartan Energy Acquisition Corp.
FSR FiskerAuto,
US1,900 3.4x 29-Oct 16.13
Conyers Park II Acquisition Corp.
ADV Advantage SolutionsConsumer,
US5,200 11.6x 28-Oct 12.72
ARYA Sciences Acquisition Corp II
CERE Cerevel TherapeuticsHealthcare,
US847 5.7x 27-Oct 17.12
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CLOSED IBCs IN 2020 (III)
18Data source: SPAC Research
SPACNew
TickerTarget Focus EV, $M EV/IPO IBCs Closed Fri Price, $
DiamondPeak Holdings Corp. RIDE Lordstown MotorsAuto,
US965 3.4x 23-Oct 18.72
FinTech Acquisition III PAYA PayaFinancials,
US1,300 3.8x 16-Oct 13.37
Forum Merger II TTCF IttellaConsumer,
US482 2.4x 15-Oct 22.16
Software Acquisition Group CURI CuriosityStreamTechnology,
Global331 2.2x 14-Oct 10.53
Insurance Acquisition SFT Shift TechnologiesTechnology,
US416 2.8x 13-Oct 8.64
Churchill Capital Corp III MPLN MultiPlanHealthcare,
US11,138 10.1x 8-Oct 9.62
Tortoise Acquisition Corp. HYLN HyliionAuto,
US1,097 4.7x 1-Oct 17.51
8i Enterprises Acquisition Corp
EQOS DiginexFinancials,
China296 5.1x 30-Sep 9.30
Graf Industrial Corp. VLDR Velodyne LidarIndustrials,
US1,566 6.4x 29-Sep 20.07
Far Point Acquisition Corporation
GB Global BlueTechnology,Switzerland
2,600 4.1x 28-Aug 12.50
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CLOSED IBCs IN 2020 (IV)
19Data source: SPAC Research
SPACNew
TickerTarget Focus EV, $M EV/IPO IBCs Closed Fri Price, $
Collier Creek Holdings UTZ UtzConsumer,
US1,560 3.5x 28-Aug 21.96
Pure Acquisition Corp. HPK HighPeak EnergyEnergy,
US845 2.0x 21-Aug 14.00
Leo Holdings DMSDigital Media
SolutionsTechnology,
US757 3.8x 15-Jul 11.13
Gordon Pointe Acquisition HOFV HOF VillageReal Estate,
US421 3.2x 1-Jul 1.29
Arya Sciences Acquisition IMTXImmatics
BiotechnologiesHealthcare,
Germany315 2.2x 1-Jul 10.07
Act II Global Acquisition FREE Whole Earth BrandsConsumer, US/Global
439 1.5x 25-Jun 11.47
Proficient Alpha Acquisition LGHL Lion Financial GroupFinancials,
China125 1.1x 16-Jun 2.23
Nebula Acquisition LPRO Open LendingFinancials,
US1,080 3.9x 10-Jun 31.81
VectoIQ Acquisition NKLA NikolaAuto,
US3,324 14.5x 3-Jun 17.08
Mudrick Capital Acquisition HYMC Hycroft MiningMaterials,
US615 8.6x 29-May 7.95
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CLOSED IBCs IN 2020 (V)
20Data source: SPAC Research
SPACNew
TickerTarget Focus EV, $M EV/IPO IBCs Closed Fri Price, $
Wealthbridge Acquisition SJ ScienjoyTechnology,
China187 3.3x 7-May 9.39
Diamond Eagle Acquisition DKNG DraftKingsTechnology,
US2,700 6.8x 24-Apr 53.90
Pensare Acquisition AVCTAmerican Virtual
Cloud TechTechnology,
US65 0.2x 7-Apr 5.19
EdtechX Holdings Acquisition METX Meten EducationEducation,
China614 9.7x 30-Mar 2.00
Tiberius Acquisition IGICInternational General
InsuranceFinancials,
Middle East550 3.2x 17-Mar 7.90
DD3 Acquisition BWMX BetterwareConsumer,
Mexico366 6.6x 12-Mar 33.43
ChaSerg Technology Acquisition
GDYN Grid DynamicsTechnology,
US407 1.9x 5-Mar 11.23
TKK Symphony Acquisition GSMG Glory StarTechnology,
China529 2.1x 15-Feb 2.80
Boxwood Merger ATCXAtlas Technical
ConsultantsIndustrials,
US654 3.3x 14-Feb 6.80
B. Riley Principal Merger ALTG Alta EquipmentIndustrials,
US540 3.8x 14-Feb 8.95
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CLOSED IBCs IN 2020 (VI)
21Data source: SPAC Research
SPACNew
TickerTarget Focus EV, $M EV/IPO IBCs Closed Fri Price, $
Gores Holdings III PAE PAEIndustrials,
US1,551 3.9x 10-Feb 9.30
GS Acquisition Holdings VRT VertivIndustrials,
US5,318 7.7x 7-Feb 19.19
Mosaic Acquisition VVNT Vivint Smart HomeIndustrials,
US4,197 12.2x 17-Jan 21.75
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IPO UNDERWRITERS: LEAGUE TABLE YTD
22
Rank by
Vol SoldUnderwriters
Bookrunner Volume,
$M1% Share
Bookrunner
Count% Share
1 Credit Suisse 13,324 16.4% 41 10.7%
2 Citigroup 10,431 12.8% 40 10.4%
3 Goldman Sachs 7,801 9.6% 31 8.1%
4 Jefferies 5,673 7.0% 23 6.0%
5 Cantor Fitzgerald 5,636 6.9% 23 6.0%
6 UBS 5,227 6.4% 22 5.7%
7 Morgan Stanley 4,920 6.1% 23 6.0%
8 Deutsche Bank 4,571 5.6% 23 6.0%
9 JP Morgan 3,604 4.4% 17 4.4%
10 BofA Securities 3,381 4.2% 18 4.7%
11 Barclays 2,075 2.6% 14 3.7%
12 Wells Fargo 1,571 1.9% 7 1.8%
13 Cowen 1,482 1.8% 9 2.3%
14 EarlyBirdCapital 1,301 1.6% 10 2.6%
15 BTIG 1,218 1.5% 8 2.1%
16 B. Riley FBR 923 1.1% 5 1.3%
17 Evercore 828 1.0% 2 0.5%
18 Chardan 779 1.0% 9 2.3%
19 Mizuho 779 1.0% 3 0.8%
20 RBC Capital Markets 745 0.9% 6 1.6%
1. Credit for Bookrunner Volume is awarded to the sole bookrunner or split equally among joint bookrunnersData source: SPAC Research
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