When dividing fintech companies by debuts via SPAC versus recent IPO, the average performance of SPAC companies narrowly exceeded the latter group in Q4. Still, IPO companies came out on top in a full-year comparison, according to PitchBook data.
The average performance of SPAC companies (+33.8%) was slightly better than companies that recently went public via IPO (+32.6%). SPAC performance was generally led by companies that saw their shares drop significantly heading into the fourth quarter. Key outperformers include MoneyLion (+203.7%), Better (+74.0%), and Opendoor (+68.4%).
PitchBook’s Q4 2023 Fintech & Payments Public Comp Sheet and Valuation Guide tracks stock performance, valuations and market caps—as well as forecasts for revenue, EBITDA and earnings per share—for key publicly traded companies. Read more.
