Ticker LaunchSPAC IPO underwriters league table, since 2019
The most active SPAC IPO underwriters since 2019, ranked by deals led as lead-left underwriter. Cantor ranks first with 71 deals.
All years 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
| # | Firm | Deals as lead-left | Deals in any role | Proceeds of deals led | Median deal led |
|---|---|---|---|---|---|
| 1 | Cantor | 71 | 86 | $15.05B | $220M |
| 2 | Citigroup | 66 | 97 | $21.21B | $300M |
| 3 | Credit Suisse | 60 | 98 | $17.73B | $250M |
| 4 | BTIG | 39 | 53 | $7.16B | $200M |
| 5 | Goldman Sachs | 30 | 72 | $10.18B | $300M |
| 6 | J.P. Morgan | 25 | 49 | $5.89B | $200M |
| 7 | Barclays | 24 | 48 | $5.74B | $212.5M |
| 8 | Benchmark | 24 | 35 | $2.41B | $100M |
| 9 | Morgan Stanley | 22 | 59 | $4.52B | $220M |
| 10 | Clear Street | 22 | 26 | $4.28B | $200M |
| 11 | Chardan | 21 | 28 | $1.83B | $75M |
| 12 | BofA Securities | 18 | 40 | $4B | $200M |
| 13 | EarlyBird | 18 | 22 | $2.45B | $120M |
| 14 | UBS | 16 | 31 | $4.46B | $270M |
| 15 | D. Boral Capital | 15 | 17 | $2.4B | $150M |
| 16 | Jefferies | 14 | 28 | $3.29B | $215M |
| 17 | Maxim Group | 14 | 18 | $1.26B | $80M |
| 18 | Deutsche Bank | 13 | 33 | $3.02B | $250M |
| 19 | Cohen & Company Capital Markets | 12 | 13 | $1.99B | $180M |
| 20 | Kingswood | 10 | 12 | $1.04B | $100M |
| 21 | EF Hutton | 10 | 12 | $998M | $100M |
| 22 | Ladenburg Thalmann | 9 | 12 | $600M | $60M |
| 23 | TD Cowen | 8 | 19 | $2.31B | $250M |
| 24 | A.G.P. | 8 | 8 | $495M | $60M |
| 25 | Stifel | 7 | 12 | $1.16B | $200M |
| 26 | ThinkEquity | 7 | 8 | $710M | $100M |
| 27 | China | 6 | 6 | $385M | $60M |
| 28 | Santander | 5 | 10 | $970M | $200M |
| 29 | B. Riley | 5 | 7 | $750M | $200M |
| 30 | Craig-Hallum | 5 | 8 | $275M | $100M |
| 31 | Wells Fargo | 4 | 13 | $1.1B | $225M |
| 32 | Evercore ISI | 4 | 10 | $925M | $212.5M |
| 33 | Oppenheimer | 4 | 12 | $710M | $175M |
| 34 | Guggenheim | 4 | 6 | $684M | $175M |
| 35 | Needham | 4 | 5 | $674M | $274M |
| 36 | McKinsey & Company | 4 | 11 | $625M | $150M |
| 37 | Strategic Partners | 3 | 3 | $1.75B | $450M |
| 38 | Hudson Executive Capital | 3 | 3 | $1.11B | $360M |
| 39 | Nomura | 3 | 6 | $681M | $220M |
| 40 | Macquarie | 3 | 5 | $630M | $200M |
| 41 | Lazard | 3 | 4 | $500M | $125M |
| 42 | Trasimene Capital | 2 | 3 | $2.2B | $1.1B |
| 43 | Strategic Operating Partners | 2 | 2 | $1.68B | $840M |
| 44 | Moelis | 2 | 8 | $800M | $400M |
| 45 | True Wind Capital | 2 | 2 | $775M | $387.5M |
| 46 | Motive Partners | 2 | 2 | $660M | $330M |
| 47 | Colony Capital | 2 | 3 | $600M | $300M |
| 48 | Lion Capital | 2 | 2 | $590M | $295M |
| 49 | Table of Contents Our Company | 2 | 3 | $562M | $281M |
| 50 | Leerink Partners | 2 | 4 | $560M | $280M |
Lead-left is the first bank named on the final prospectus cover; proceeds (base deal, before the over-allotment) are credited in full to that bank. "Any role" counts every bank on the cover. Based on the 987 deals with underwriters on record.
Other tables: US IPO underwriters · US IPO law firms · SPAC IPO law firms
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