The initial public offerings (IPOs) through the special purpose acquisition company (SPAC) route have topped US$100 billion annual-mark for the first time. The value of SPAC IPOs in 2021, as of date, stands at US$100.1 billion, even as the average ticket size has marginally come down, according to data available with SPAC Research. The value of IPOs through this route is already 20% more than the entire 2020 – when SPAC IPOs stood at US$83.4 billion.
As more and more companies are queueing up to get listed through the SPAC route, the compounded annual growth rate (CAGR) for the amount raised through the segment, from 2013 till now, stands an astounding 79%. The CAGR for the number of IPOs through this route, during the same period stands at 59.6%. On the other hand, the average ticket size, which has witnessed a milder growth, shows a CAGR of 11.7%.