January 15, 2020

Marcum LLP Is Top SPAC IPO Auditor in 2019

Marcum LLP Is Top SPAC IPO Auditor in 2019
Special Purpose Acquisition Companies (SPAC)

New York City, NY – Marcum LLP again led the accounting industry in audits of special purpose acquisition company (SPAC) IPOs in 2019, for the third consecutive year. According to SPAC Research, Marcum completed more SPAC IPO audits last year than any other U.S. accounting firm, with 29 transactions, or 50% of all SPAC offerings, representing $6.6 billion or 49% of total capital raised.

Marcum also has been the top auditor in the specialized SPAC initial public offering (IPO) market cumulatively since 2015, the first year for which SPAC Research data is available. Marcum audited a total of 79 SPAC IPO transactions between January 2015 and December 2019, or 46% of all SPACs that completed IPOs. The Firm accounted for $15.5 billion in capital raised, or 37% of the SPAC IPO market.

“Marcum’s dedicated SPAC team is the most experienced resource available for special purpose acquisition companies undertaking IPOs and preparing for subsequent merger with an operating company. The market recognizes that we have a unique set of service offerings for each of the three phases of the SPAC transaction—the IPO phase, the maintenance/due diligence phase, and the business combination/ ‘de-spac’ing’ phase,” said David Bukzin, Marcum’s vice chairman and leader of the Firm’s national SEC Service Practice.

Marcum LLP has represented issuers, worked with underwriters and targets of special purpose acquisition companies (SPACs), and has wide-ranging experience in initial public offerings and subsequent business combinations entered into by such companies. Marcum has been involved with more SPAC transactions than any other audit firm and is the only audit firm to have a dedicated SPAC team.

About Marcum LLP
Marcum LLP is a top-ranked national accounting and advisory services firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals. Marcum offers industry-focused practices with specialized expertise to privately held and publicly registered companies, and nonprofit and social sector organizations. Through the Marcum Group, the Firm also provides a full complement of technology, wealth management, executive search and staffing, and strategic marketing services. Headquartered in New York City, Marcum has offices in major business markets across the U.S. and select international locations. Marcum is committed to the advancement of diversity, equity and inclusion. The Firm is a founding member of LEA Global and is the exclusive U.S partner firm of ECOVIS International. Ever wonder where the people with all the answers get all the answers?  #AskMarcum

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SEC