SPAC IPO underwriters league table, 2023
The most active SPAC IPO underwriters in 2023, ranked by deals led as lead-left underwriter. Citigroup ranks first with 3 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 | Citigroup | 3 | 3 | $1.05B | $300M |
| 2 | EF Hutton | 3 | 3 | $242M | $60M |
| 3 | Benchmark | 3 | 7 | $225M | $75M |
| 4 | Chardan | 2 | 2 | $120M | $60M |
| 5 | A.G.P. | 2 | 2 | $50M | $50M |
| 6 | Farvahar Partners | 1 | 1 | $150M | $150M |
| 7 | Lazard | 1 | 1 | $125M | $125M |
| 8 | Credit Suisse | 1 | 2 | $120M | $120M |
| 9 | Cantor | 1 | 1 | $100M | $100M |
| 10 | Ladenburg Thalmann | 1 | 1 | $60M | $60M |
| 11 | Maxim Group | 1 | 1 | $60M | $60M |
| 12 | Oracle | 1 | 1 | $60M | $60M |
| 13 | PROPOSED BUSINESS Our Company | 1 | 1 | $60M | $60M |
| 14 | Spartan Capital | 1 | 1 | $60M | $60M |
| 15 | Oak Woods Acquisition | 1 | 1 | $50M | $50M |
| 16 | Sutter | 1 | 1 | — | — |
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 24 deals with underwriters on record.
Other tables: US IPO underwriters · US IPO law firms · SPAC IPO law firms
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