Special purpose acquisition companies (SPACs), also known as blank check vehicles, have raised a record $82.1 billion in 2020 as of Dec. 24 — a sixfold increase from last year’s record high, according to data from Dealogic. Throughout the year, these companies have been busy in the cannabis, green technology, and sports-betting arenas, scooping upও corporations like DraftKings and Nikola. 

It should come as no surprise that SPAC was among our 澳洲幸运5官方开奖结果体彩网:most popular investing terms on Investopedia in 2020.

Here are the some of the SPACs w🐷ith the highest returns following the announcement of their deals:

1. Live Oak Acquisition Corp - Founded by private equity veteran Richard Hendrix and investment banker Gary Wunderlich, priced an IPO in May 2020 and subsequently announced a business combination with biopolymer manufacturer Danimer Scientific. Since then the SPAC gained 171% in value. 
2. Kensington Capital Acquisition - Kensington Capital Partners launched to purchase a business in the automotive sector. After launching its IPO in June, Kensington announced a deal with next-gen battery company Quantumscape in September. Since then, shares in Kensington increased by 162%.
3. TPG Pace Beneficial Finance - Private equity firm to merge with a business focused on 澳洲幸运5官方开奖结果体彩网:environmental, social, and 🅷governance (ESG) concerns. TPG Pace priced an IPO in October and committed to a combination with EVBox Group, a provider of EV charging technologies, in early December. Since then, the SPAC has gained 154% in value.
4. Longview Acquisition Corp - Larry Robbins’ Glenview Capital Management launched in the hopes of purchasing a healthcare company. The SPAC IPO’d in July and announced a business combination with digital health company Butterfly Network in late November. Since then, shares in Longview jumped 110%.
5. dMY Technology Group - was founded by tech executives Harry You and Niccolo de Masi to "unlock the value and potential of companies that have created compelling mobile app experiences." The blank check company launched its IPO in February and subsequently announced a business combination with online gaming company Rush Street Interactive. Since then, shares in dMY jumped by 97%.