New York City, NY – Marcum LLP led the accounting industry in audits of initial public offerings (IPOs) in the first quarter of 2021, with a market share of 36 percent, according to Audit Analytics. 

Marcum audited a total of 148 IPO transactions, representing $39.1 billion in capital, or 29 percent of all capital raised in IPOs during the quarter.  Of these, 143 were IPOs for special purpose acquisition companies (SPACs). 

“The unprecedented IPO activity in the first quarter of this year—which was nearly double the volume in the fourth quarter of 2020—was driven almost exclusively by the SPAC market. Our extensive experience in all phases of SPAC lifecycle, from initial public offering through the eventual merger with a target company, positioned Marcum as the go-to firm for the great majority of IPO audit clients during the period,” said David Bukzin, Marcum’s vice chairman and leader of the Firm’s national SEC Services Practice.

David Bukzin, Vice Chairman & National Leader, SEC Services, Marcum LLP

Marcum LLP is a top auditor of SPAC IPOs and has been involved with more SPAC transactions than any other audit firm.  Marcum’s dedicated SPAC group guides SPAC teams through all three transactional phases—initial public offering, maintenance/search, and de-SPACing (business combination).  Marcum has represented issuers and worked with underwriters and acquisition targets, and has acted as the PCAOB auditor on more than 300 SPAC IPOs raising in excess of $90 billion dollars since 2015.   

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About Marcum

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.  Visit for more information about how Marcum can help.

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