Ticker LaunchSPAC IPO underwriters league table, 2026 to date
The most active SPAC IPO underwriters in 2026, ranked by deals led as lead-left underwriter. BTIG ranks first with 14 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 | BTIG | 14 | 14 | $2.64B | $200M |
| 2 | D. Boral Capital | 11 | 12 | $1.5B | $120M |
| 3 | Clear Street | 10 | 13 | $2.15B | $220M |
| 4 | Cantor | 9 | 13 | $2.09B | $250M |
| 5 | Cohen & Company Capital Markets | 5 | 6 | $950M | $200M |
| 6 | Kingswood | 5 | 6 | $450M | $100M |
| 7 | Citigroup | 3 | 3 | $1.04B | $360M |
| 8 | Santander | 3 | 5 | $550M | $200M |
| 9 | Benchmark | 3 | 3 | $400M | $160M |
| 10 | EarlyBird | 3 | 5 | $235M | $75M |
| 11 | Table of Contents Our Company | 2 | 2 | $562M | $281M |
| 12 | Deutsche Bank | 2 | 2 | $450M | $225M |
| 13 | ARC Group | 2 | 3 | $210M | $105M |
| 14 | Chardan | 2 | 2 | $175M | $87.5M |
| 15 | Cayman Islands | 2 | 2 | $150M | $75M |
| 16 | China | 2 | 2 | $75M | $75M |
| 17 | J.P. Morgan | 1 | 1 | $345M | $345M |
| 18 | Tribe Capital | 1 | 1 | $300M | $300M |
| 19 | Needham | 1 | 1 | $274M | $274M |
| 20 | Employee Partners | 1 | 1 | $261M | $261M |
| 21 | Delaware Liability Company | 1 | 2 | $250M | $250M |
| 22 | Northland | 1 | 1 | $225M | $225M |
| 23 | Irenic Capital | 1 | 1 | $220M | $220M |
| 24 | Barclays | 1 | 1 | $210M | $210M |
| 25 | Cohen | 1 | 1 | $200M | $200M |
| 26 | Greenhill | 1 | 1 | $200M | $200M |
| 27 | HandsOn Global Management | 1 | 1 | $200M | $200M |
| 28 | Live Oak Merchant Partners | 1 | 1 | $200M | $200M |
| 29 | Spartacus Sponsor II | 1 | 1 | $200M | $200M |
| 30 | ThinkEquity | 1 | 1 | $200M | $200M |
| 31 | InterPrivate Investment Partners | 1 | 1 | $175M | $175M |
| 32 | Australian Institute of Company | 1 | 1 | $150M | $150M |
| 33 | DW Partners | 1 | 1 | $150M | $150M |
| 34 | Disciplined Growth Acquisition | 1 | 1 | $150M | $150M |
| 35 | Contents PROPOSED BUSINESS Our Company | 1 | 1 | $125M | $125M |
| 36 | YD Biopharma | 1 | 1 | $125M | $125M |
| 37 | Lazard | 1 | 1 | $100M | $100M |
| 38 | Maxim Group | 1 | 3 | $100M | $100M |
| 39 | NFR Capital | 1 | 1 | $100M | $100M |
| 40 | Three Lions Capital Management | 1 | 1 | $100M | $100M |
| 41 | World Bank | 1 | 1 | $100M | $100M |
| 42 | Amanat Sponsor Holdings | 1 | 1 | $75M | $75M |
| 43 | Vivo Capital | 1 | 1 | $75M | $75M |
| 44 | Athanor Capital | 1 | 1 | $60M | $60M |
| 45 | Liabilities Partners | 1 | 1 | $60M | $60M |
| 46 | Aegis Capital | 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 108 deals with underwriters on record.
Other tables: US IPO underwriters · US IPO law firms · SPAC IPO law firms
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