Below is the recently released Q1 2018 SPAC IPO Underwriting League Table
Deutsche Bank took the top spot in the first quarter of 2018, with three Special Purpose Acquisition Company (SPAC) transactions and a total volume of $850 million. DB was the bookrunner/lead for Platinum Eagle, Nebula and DFB Healthcare, which were some of the largest SPAC transactions in the quarter with $325 million, $275 million and $250 million, respectively.
BofA Merrill Lynch and Goldman Sachs ranked two and three for total volume, but the year is still young. We’re looking forward to seeing how the SPACs currently on file to IPO shake out. You can check the current IPO terms for Iron Horse Acquisition Corp., Terrapin 4 Acquisition Corporation, Pure Acquisition Corp. and Trident Acquisition Corp. by clicking on their names.
Click here for FY 2017 Underwriting League Table
Ranked by Volume
(All data is sort-able using the arrow keys located in the top row)
Rank | Underwriter | Volume ($mm) | Deal Count | Avg. Size ($mm) | % Mkt Share |
---|---|---|---|---|---|
1 | Deutsche Bank | 850.0 | 3 | 283.3 | 22.0% |
2 | BofA Merrill Lynch | 625.0 | 2 | 312.5 | 16.2% |
3 | Goldman Sachs | 525.0 | 2 | 262.5 | 13.6% |
4 | Cantor | 380.5 | 2 | 190.3 | 9.9% |
5 | Credit Suisse | 300.0 | 1 | 300.0 | 7.8% |
6 | Chardan | 287.5 | 2 | 143.8 | 7.4% |
7 | Citigroup | 200.0 | 1 | 200.0 | 5.2% |
8 | EarlyBirdCapital, Inc. | 172.5 | 2 | 86.3 | 4.5% |
9 | Dowling & Partners Securities LLC | 172.5 | 1 | 172.5 | 4.5% |
10 | B. Riley FBR | 125.0 | 1 | 125.0 | 3.2% |
11 | Ladenburg Thalmann | 111.5 | 1 | 111.5 | 2.9% |
12 | CIM Securities | 111.5 | 1 | 111.5 | 2.9% |
Source: SPACInsider, Ranked by volume
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...