In 2020, the popularity of special purpose acquisition companies (SPACs) exploded in the United States and the average initial return was also higher than in recent years. Initial return is the percentage value difference between the IPO offer price and the first-day market price. The mean initial return was 1.2 percent in 2023, up from 0.1 percent in the previous year.
Average initial return after special purpose acquisition company (SPAC) IPOs in the United States from 2003 to 2023
The source adds the following information: "for 2004 to 2007, 25 of the initial returns are missing for OTC issues." OTC refers to over the counter, which means trading is done directly between two parties without the supervision of an exchange.
No data provided for 2009 by the source.
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Warrington College of Business. (July 14, 2024). Average initial return after special purpose acquisition company (SPAC) IPOs in the United States from 2003 to 2023 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1198692/spac-ipo-initial-return-usa/
Warrington College of Business. "Average initial return after special purpose acquisition company (SPAC) IPOs in the United States from 2003 to 2023." Chart. July 14, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1198692/spac-ipo-initial-return-usa/
Warrington College of Business. (2024). Average initial return after special purpose acquisition company (SPAC) IPOs in the United States from 2003 to 2023. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1198692/spac-ipo-initial-return-usa/
Warrington College of Business. "Average Initial Return after Special Purpose Acquisition Company (Spac) Ipos in The United States from 2003 to 2023." Statista, Statista Inc., 14 Jul 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1198692/spac-ipo-initial-return-usa/
Warrington College of Business, Average initial return after special purpose acquisition company (SPAC) IPOs in the United States from 2003 to 2023 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1198692/spac-ipo-initial-return-usa/ (last visited November 10, 2024)
Average initial return after special purpose acquisition company (SPAC) IPOs in the United States from 2003 to 2023 [Graph], Warrington College of Business, July 14, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1198692/spac-ipo-initial-return-usa/
