SPAC Underwriters | SPAC Research

Rank	Underwriter	Bookrunner Volume ($M)	Bookrunner Count	% Share	Volume Sold ($M)	Deal Count
1	Cantor Fitzgerald	6,491.6	34	15.53%	5,544.5	35
2	Citigroup	5,910.6	25	14.14%	5,559.7	25
3	Deutsche Bank	5,366.1	29	12.84%	5,285.0	30
4	Credit Suisse	5,066.5	25	12.12%	4,284.2	25
5	EarlyBirdCapital	3,336.6	27	7.98%	2,555.8	34
6	Goldman Sachs	3,209.2	17	7.68%	2,562.1	17
7	BofA Securities	1,570.8	9	3.76%	1,237.0	9
8	B. Riley FBR	1,324.8	8	3.17%	1,222.8	17
9	Chardan	1,303.4	17	3.12%	1,144.3	36
10	Jefferies	1,178.0	6	2.82%	1,018.9	7
11	BTIG	847.6	5	2.03%	784.9	10
12	UBS	819.8	6	1.96%	675.0	6
13	JP Morgan	740.8	6	1.77%	459.2	6
14	Morgan Stanley	690.9	5	1.65%	587.2	5
15	Cowen	470.9	5	1.13%	585.7	6
16	Maxim	402.4	6	0.96%	402.9	9
17	Stifel Nicolaus	378.4	3	0.91%	247.8	4
18	Barclays	332.0	3	0.79%	301.3	3
19	I-Bankers Securities	329.1	4	0.79%	638.7	70
20	Oppenheimer	328.9	2	0.79%	235.4	2
21	Macquarie	273.7	2	0.65%	190.4	2
22	Ladenburg Thalmann	153.3	2	0.37%	443.0	13
23	FBR Capital Markets	153.3	2	0.37%	195.8	3
24	Nomura	150.1	1	0.36%	159.5	1
25	Merrill Lynch, Pierce, Fenner & Smith	125.0	1	0.30%	226.2	1
26	CRT Capital Group	125.0	1	0.30%	42.1	2
27	BMO Capital Markets	116.5	2	0.28%	81.3	2
28	RBC Capital Markets	115.0	1	0.28%	177.6	3
29	National Bank of Canada	114.6	1	0.27%	84.0	1
30	Wells Fargo	100.0	1	0.24%	112.5	1
31	Northland Capital Markets	86.3	1	0.21%	170.2	7
32	Dowling & Partners	86.3	1	0.21%	42.0	1
33	Craig-Hallum Capital Group	54.0	1	0.13%	30.0	1
34	SVB Securities	50.0	1	0.12%	82.5	2
35	Tudor, Pickering, Holt & Co.	0.0	0	0.00%	81.0	3
36	Raymond James	0.0	0	0.00%	44.6	1
37	CLSA	0.0	0	0.00%	25.0	1
38	Loop Capital Markets	0.0	0	0.00%	15.0	1
39	IFS Securities	0.0	0	0.00%	14.0	1
40	Aegis	0.0	0	0.00%	14.0	3
41	EXOS Securities	0.0	0	0.00%	13.1	1
42	Ingalls & Snyder	0.0	0	0.00%	9.5	1
43	Arcadia	0.0	0	0.00%	4.4	1
44	Cuttone	0.0	0	0.00%	4.0	1
45	Odeon Capital Group	0.0	0	0.00%	3.9	1
46	Brookline Capital Markets	0.0	0	0.00%	2.7	4
47	Joseph Gunnar	0.0	0	0.00%	2.0	1
48	Brock	0.0	0	0.00%	1.8	1
49	KBC Securities	0.0	0	0.00%	1.5	1

Credit for Bookrunner Volume ($M) is based on the total amount of the offering sold, including over-allotment. Full credit is awarded to the sole book-runner or split equally among joint book-runners.