All Industries
Volume
# of traditional IPOs
# of SPACs
Volatility
Average quarterly VIX
Volume
360
200
140
120
100
80
60
40
20
0
Volatility (VIX)
45
40
35
30
25
20
15
10
5
0
Q1 '20
Q2 '20
Q3 '20
Q4 '20
Q1 '21
Q2 '21
Q3 '21
Q4 '21
Q1 '22
Q2 '22
Q3 '22
Q4 '22
All Industries
Consumer & Retail
Energy/Natural Resources & Chemicals
Financial Services
Healthcare/Life Sciences
Industrial Manufacturing
Technology/Media/Telecom
All Industries
Technology/Media/Telecom
Industrial Manufacturing
Healthcare/Life Sciences
Financial Services
Energy/Natural Resources & Chemicals
Consumer & Retail
Consumer & Retail
All Industries
Consumer & Retail
Technology/Media/Telecom
Industrial Manufacturing
Healthcare/Life Sciences
Financial Services
Energy/Natural Resources & Chemicals
Energy/Natural Resources & Chemicals
All Industries
Energy/Natural Resources & Chemicals
Consumer & Retail
Technology/Media/Telecom
Industrial Manufacturing
Healthcare/Life Sciences
Financial Services
Financial Services
All Industries
Financial Services
Energy/Natural Resources & Chemicals
Consumer & Retail
Technology/Media/Telecom
Industrial Manufacturing
Healthcare/Life Sciences
Healthcare/Life Sciences
All Industries
Healthcare/Life Sciences
Financial Services
Energy/Natural Resources & Chemicals
Consumer & Retail
Technology/Media/Telecom
Industrial Manufacturing
Industrial Manufacturing
All Industries
Industrial Manufacturing
Healthcare/Life Sciences
Financial Services
Energy/Natural Resources & Chemicals
Consumer & Retail
Technology/Media/Telecom
Technology/Media/Telecom
Note: The sum of sectoral SPAC IPOs might not be equal to the overall SPAC IPOs in the quarter due to double counting in cases where any SPAC would have shown interest in multiple sectors.
0
1
22.7
6
1
37.5
4
1
30.7
5
14
25.7
11
14
27.1
11
69
26.8
18
8
17.1
16
13
19.3
13
30
20.2
3
5
25.2
2
7
29.4
8
0
26.3
1
1
22.7
0
1
37.5
0
0
30.7
0
6
25.7
0
7
27.1
5
29
26.8
3
5
17.1
1
7
19.3
0
31
20.2
0
5
25.2
2
3
29.4
0
0
26.3
1
1
22.7
9
0
37.5
4
1
30.7
12
8
25.7
11
11
27.1
15
51
26.8
7
7
17.1
20
15
19.3
17
19
20.2
7
5
25.2
2
2
29.4
5
1
26.3
5
1
22.7
13
2
37.5
24
4
30.7
35
15
25.7
35
25
27.1
42
70
26.8
47
14
17.1
38
20
19.3
33
35
20.2
12
7
25.2
8
4
29.4
8
1
26.3
4
1
22.7
2
0
37.5
3
30.7
13
8
25.7
6
6
27.1
17
26.8
9
5
17.1
6
9
19.3
11
21
20.2
4
25.2
7
3
29.4
4
1
26.3
1
42
5
2
3
22.7
3
4
37.5
10
10
30.7
18
38
25.7
11
56
27.1
20
187
26.8
34
29
17.1
24
53
19.3
21
83
20.2
7
28
25.2
5
10
29.4
9
2
26.3
160
180