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U.S.-listed traditional IPOs vs. SPACs

Data: Dealogic; Chart: Thomas Oide/Axios

SPACs are outpacing traditional IPOs in 2021, according to data from Dealogic.

By the numbers: 562 SPACs went public on U.S. exchanges between January and November, compared to 373 regular companies. SPACs raised $151 billion in their IPOs, while traditional issuers raised $148 billion.

Zoom in: SPACs owe most of their lead to the first quarter, when it felt like every VC, private equity and hedge fund manager was raising a SPAC for easy money optionality. Things have since begun to equalize a bit, but last week saw a dozen SPACs IPOs and no traditional ones.

The bottom line: SPACs seem to be here to stay as a viable IPO alternative.

SPACs are beating out traditional IPOs in 2021

More blank check companies have gone public in 2021 than real companies.

Wall Street

SPACs are outpacing traditional IPOs in 2021, according to data from Dealogic.By the numbers: 562 SPACs went public on U.S. exchanges between January and November, compared to 373 regular companies. SPACs raised $151 billion in their IPOs, while traditional issuers raised $148 billion.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

SPACs are beating out traditional IPOs in 2021

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