SPAC Underwriters | SPAC Research

Rank	Underwriter	Bookrunner Volume ($M)	Bookrunner Count	% Share	Volume Sold ($M)	Deal Count
1	Citigroup	21,968.2	108	13.53%	20,568.4	108
2	Goldman Sachs	15,436.3	66	9.50%	14,096.1	66
3	Cantor Fitzgerald	13,776.3	60	8.48%	12,018.9	60
4	Credit Suisse	12,278.2	62	7.56%	11,487.3	62
5	Morgan Stanley	9,443.1	44	5.81%	7,889.0	46
6	Jefferies	8,712.3	44	5.36%	8,013.6	44
7	BofA Securities	8,275.0	50	5.09%	6,684.1	50
8	Barclays	7,110.2	45	4.38%	6,047.2	46
9	Deutsche Bank	6,651.6	36	4.10%	6,368.3	37
10	JP Morgan	6,581.2	40	4.05%	6,101.8	41
11	UBS	5,456.4	28	3.36%	4,894.0	29
12	BTIG	4,223.5	24	2.60%	3,083.4	25
13	EarlyBirdCapital	3,943.3	25	2.43%	3,134.9	30
14	Cowen	3,558.3	19	2.19%	3,130.5	19
15	EF Hutton	3,531.7	31	2.17%	1,952.8	31
16	B. Riley FBR	2,310.8	12	1.42%	2,315.4	44
17	Stifel Nicolaus	2,305.5	16	1.42%	1,907.0	16
18	Chardan	2,109.2	20	1.30%	1,858.5	20
19	RBC Capital Markets	1,948.3	10	1.20%	1,526.5	11
20	Mizuho	1,906.5	11	1.17%	1,483.7	11
21	Wells Fargo	1,890.2	14	1.16%	1,619.6	14
22	Maxim	1,889.8	17	1.16%	1,697.8	22
23	I-Bankers Securities	1,500.9	12	0.92%	1,088.4	34
24	Evercore	1,499.2	11	0.92%	1,102.1	11
25	Guggenheim Securities	1,443.0	7	0.89%	1,190.9	8
26	Oppenheimer	1,373.5	10	0.85%	1,284.9	10
27	Moelis	999.9	9	0.62%	569.2	10
28	BMO Capital Markets	918.6	7	0.57%	703.5	7
29	Nomura	847.6	7	0.52%	616.9	8
30	A.G.P	595.2	5	0.37%	450.4	5
31	Ladenburg Thalmann	474.0	8	0.29%	794.8	24
32	PJT Partners	466.4	3	0.29%	285.0	3
33	Craig-Hallum Capital Group	441.1	7	0.27%	340.0	7
34	Piper Sandler & Co.	431.3	3	0.27%	180.0	4
35	Raymond James	414.0	3	0.25%	360.0	3
36	William Blair	400.0	4	0.25%	262.3	5
37	Roth Capital Partners	379.8	7	0.23%	398.0	11
38	Needham	370.2	2	0.23%	365.5	4
39	ThinkEquity	345.0	3	0.21%	220.0	3
40	Canaccord Genuity	322.0	2	0.20%	260.0	2
41	Allen & Company	321.9	3	0.20%	267.5	3
42	Code Advisors	316.5	3	0.19%	188.0	3
43	Imperial Capital	273.1	3	0.17%	403.8	4
44	Stephens	241.5	2	0.15%	210.0	3
45	Intrepid Partners	230.0	2	0.14%	200.0	2
46	LionTree Advisors	223.3	2	0.14%	115.0	2
47	Brookline Capital Markets	190.5	5	0.12%	61.1	13
48	Northland Capital Markets	150.0	1	0.09%	221.9	8
49	VTB Capital	143.8	1	0.09%	120.0	1
50	CIBC	138.0	1	0.08%	36.0	1
51	Seaport Global Securities	130.0	1	0.08%	130.0	1
52	Kempen & Co.	127.0	2	0.08%	51.8	2
53	Loop Capital Markets	117.4	2	0.07%	132.2	14
54	EXOS Securities	115.0	1	0.07%	100.0	2
55	Macquarie	101.6	1	0.06%	26.5	1
56	JonesTrading	100.0	1	0.06%	128.6	4
57	Siebert Williams Shank	99.9	2	0.06%	137.8	20
58	Sova Capital	86.3	1	0.05%	71.3	1
59	US Tiger Securities	86.1	3	0.05%	495.0	16
60	ABN AMRO	71.9	1	0.04%	43.8	1
61	SoFi	64.8	1	0.04%	100.0	5
62	Scotia Capital	64.8	1	0.04%	12.0	1
63	Lake Street	63.3	1	0.04%	16.5	1
64	SMBC	62.5	1	0.04%	21.7	1
65	Apollo Global Securities	57.5	1	0.04%	195.0	2
66	TD Securities	57.5	1	0.04%	41.7	2
67	Network 1 Financial Securities	57.5	1	0.04%	7.0	1
68	Academy Securities	42.4	1	0.03%	89.6	17
69	Blaylock Van	39.4	1	0.02%	30.6	3
70	C.L. King & Associates	39.4	1	0.02%	21.1	3
71	Samuel A. Ramirez & Company	39.4	1	0.02%	17.6	3
72	R.F. Lafferty	37.2	2	0.02%	40.8	7
73	Drexel Hamilton	3.0	0	0.00%	287.0	21
74	R. Seelaus	3.0	0	0.00%	27.3	6
75	Odeon Capital Group	0.0	0	0.00%	583.7	9
76	Tiger Brokers	0.0	0	0.00%	332.4	7
77	Ingalls & Snyder	0.0	0	0.00%	158.3	17
78	AmeriVet Securities	0.0	0	0.00%	140.2	18
79	Dawson James	0.0	0	0.00%	120.7	5
80	Joseph Gunnar	0.0	0	0.00%	92.3	22
81	Baird	0.0	0	0.00%	70.0	3
82	The Benchmark Company	0.0	0	0.00%	60.0	4
83	Tigress Financial Partners	0.0	0	0.00%	50.6	7
84	Roberts and Ryan Investments	0.0	0	0.00%	47.8	8
85	Rothschild	0.0	0	0.00%	43.8	1
86	Berenberg	0.0	0	0.00%	40.0	1
87	JMP Securities	0.0	0	0.00%	40.0	1
88	Bancroft	0.0	0	0.00%	40.0	2
89	Xtellus Capital	0.0	0	0.00%	30.0	1
90	Cabrera Capital Markets	0.0	0	0.00%	29.8	3
91	Natixis	0.0	0	0.00%	26.3	1
92	Houlihan Lokey	0.0	0	0.00%	26.3	1
93	Telsey Advisory Group	0.0	0	0.00%	23.0	2
94	CastleOak Securities	0.0	0	0.00%	22.9	4
95	Truist Securities	0.0	0	0.00%	20.0	1
96	DNB	0.0	0	0.00%	18.8	1
97	Spartan Capital	0.0	0	0.00%	15.0	1
98	Beech Hill	0.0	0	0.00%	15.0	1
99	MUFG Securities	0.0	0	0.00%	13.2	1
100	ViewTrade Securities	0.0	0	0.00%	10.0	1
101	KeyBanc Capital Markets	0.0	0	0.00%	10.0	1
102	Futu Securities	0.0	0	0.00%	9.5	2
103	D.A. Davidson	0.0	0	0.00%	9.0	1
104	Alexander Capital	0.0	0	0.00%	8.0	1
105	Rice Financial Products	0.0	0	0.00%	7.2	1
106	Farvahar Capital	0.0	0	0.00%	5.3	3
107	U.S. Capital Advisors	0.0	0	0.00%	3.6	1
108	Guzman & Company	0.0	0	0.00%	3.0	1
109	Westpark Securities	0.0	0	0.00%	2.1	4
110	Revere Securities	0.0	0	0.00%	2.0	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.