Below are the recently released Q1 2019 SPAC IPO Underwriting League Tables
Methodology:
In addition to the traditional methodology used whereby any bookrunner or lead manager gets full credit for IPO size to calculate deal volume, starting last quarter we added two new columns to the rankings – volume by number of units sold and volume sold % market shares (highlighted in green). For example, if SPAC-XYZ raised $500 million at IPO, and underwriter A sold $400 million of the same deal and underwriter B sold only $100 million, that’s how they will be credited. This methodology gives a more accurate window into the actual deal volume.
Q1 2019 SPAC IPO UNDERWRITING LEAGUE
Ranked by Volume
(All data is sort-able using the arrow keys (?/?) located in the header cells)
| Rank | Underwriter | Volume ($mm) | Volume % Mkt Share | Volume Sold ($mm) | Volume Sold % Mkt Share | Deal Count | Average Deal Size |
|---|---|---|---|---|---|---|---|
| 1 | Deutsche Bank | 1,210.0 | 19.2% | 712.8 | 25.4% | 4 | 302.5 |
| 2 | Goldman Sachs | 933.0 | 14.8% | 345.0 | 12.3% | 3 | 311.0 |
| 3 | Cantor | 641.7 | 10.2% | 385.3 | 13.7% | 4 | 160.4 |
| 4 | BTIG | 641.7 | 10.2% | 193.6 | 6.9% | 3 | 213.9 |
| 5 | Stifel | 530.2 | 8.4% | 111.9 | 4.0% | 2 | 265.1 |
| 6 | Credit Suisse | 400.0 | 6.3% | 131.3 | 4.7% | 1 | 400.0 |
| 7 | Nomura | 300.2 | 4.8% | 159.5 | 5.7% | 1 | 300.2 |
| 8 | Cowen | 280.5 | 4.4% | 190.0 | 6.8% | 2 | 140.3 |
| 9 | Chardan | 280.0 | 4.4% | 128.1 | 4.6% | 3 | 93.3 |
| 10 | Earlybird | 276.0 | 4.4% | 175.0 | 6.2% | 1 | 276.0 |
| 11 | BofA | 250.0 | 4.0% | 109.1 | 3.9% | 1 | 250.0 |
| 12 | UBS | 233.0 | 3.7% | 33.8 | 1.2% | 1 | 233.0 |
| 13 | Barclays | 233.0 | 3.7% | 101.3 | 3.6% | 1 | 233.0 |
| 14 | Craig-Hallum | 108.0 | 1.7% | 30.0 | 1.1% | 1 | 108.0 |
Source: SPACInsider, Ranked by volume
You can find all the League Tables by clicking here.
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