Underwriter (Number Of IPOs As Lead Or Co-lead Underwriter)Gross Proceeds (M) JP Morgan Securities (4) $266.4 Merrill Lynch & Co. (2) $201.5 Banc of America Securities (2) $128.4 Morgan Stanley & Co. (2) $107.5 Lehman Brothers (2) $102.2 UBS Investment Bank (2) $101.2 SG Cowen & Co. (2) $90.3 Credit Suisse First Boston (1) $60.4 Deutsche Bank Securities (1) $52.5 Pacific Growth Equities (1) $48.3 Bear, Stearns & Co. (1) $42.0 CIBC World Markets (1) $37.3 C.E. Unterberg, Towbin (1

Underwriter (Number Of IPOs As Lead/ Number Of IPOs As Lead Or Co-manager) After-Market Performance (Average) William Blair & Co. (0/1) +106% Banc of America Securities (2/2) +75% Deutsche Bank Securities (1/1) +71% Pacific Growth Equities (1/3) +44% BMO Nesbitt Burns (0/1) +43% Lazard Capital Markets (0/5) +34% Morgan Stanley & Co. (2/2) +31% Merrill Lynch & Co. (2/2) +19% CIBC World Markets (1/3) +15% SG Cowen & Co. (2/2) -6% A.G. Edwards (0/2) -13% Lerrink Swann & Co. (0/2) -13

Underwriter (Number Of IPOs As Lead/Number Of IPOs As Lead Or Co-manager) Gross Proceeds (M) Lazard Capital Markets (0/5) $308.9 JP Morgan Securities (4/4) $266.4 Merrill Lynch & Co. (2/2) $201.5 Pacific Growth Equities (1/3) $191.9 Lerrink Swann & Co. (0/2) $170.8 Banc of America Securities (2/2) $128.4 CIBC World Markets (1/3) $120.1 Piper Jaffray & Co. (0/2) $115.2 Thomas Weisel Partners (0/2) $115.2 Morgan Stanley & Co. (2/2) $107.5 Lehman Brothers (2/2) $102.2 UBS Investment

Underwriter (Number Of Offerings As Lead Or Co-lead Underwriter) After-Market Performance (Average) Piper Jaffray & Co. (4) +42% CIBC World Markets (9) +41% Banc of America Securities (4) +35% Goldman, Sachs & Co. (6) +33% Merrill Lynch & Co. (7) +32% Punk Ziegel & Co. (1) +28% Ferris, Baker Watts (1) +24% Robert W. Baird & Co. (1) +15% Deutsche Bank Securities (4) +10% Needham & Co. (1) +9% Morgan Stanley & Co. (10) +8% Lazard Capital Markets (2) +3% UBS Investment Bank (15) +2

Underwriter (Number Of Offerings As Lead Or Co-lead Underwriter) Gross Proceeds (M) UBS Investment Bank (15) $1,002.3 Morgan Stanley & Co. (10) $929.0 Merrill Lynch & Co. (7) $878.7 Goldman, Sachs & Co. (6) $762.3 JP Morgan Securities (9) $662.0 Bear, Stearns & Co. (7) $566.5 Lehman Brothers (6) $487.0 SG Cowen & Co. (9) $478.9 CIBC World Markets (9) $402.6 Deutsche Bank Securities (4) $315.2 Piper Jaffray & Co. (4) $281.7 Banc of America Securities (4) $236.4 Credit Suisse First

Underwriter (Number Of Offerings As Lead/Number Of Offerings As Lead Or Co-manager) After-Market Performance (Average) Granite Financial Group (0/1) +137% Morgan Joseph & Co. (0/1) +137% GMP Securities (0/1) +68% First Associates Investments (0/1) +68% Orion Securities (0/1) +68% William Blair & Co. (0/2) +39% Banc of America Securities (4/6) +34% Wachovia Capital Markets (1/2) +34% Merrill Lynch & Co. (7/7) +32% Goldman, Sachs & Co. (6/7) +29% Ferris, Baker Watts (1/1) +24% Maxim

Underwriter (Number Of Offerings As Lead/Number Of Offerings As Lead Or Co-manager) Gross Proceeds (M) JP Morgan Securities (9/14) $1,262.2 SG Cowen & Co. (9/16) $1,205.7 UBS Investment Bank (15/16) $1,177.9 Piper Jaffray & Co. (4/13) $1,104.1 CIBC World Markets (9/18) $935.0 Morgan Stanley & Co. (10/10) $929.0 Lazard Capital Markets (2/13) $916.1 Merrill Lynch & Co. (7/7) $878.7 Goldman, Sachs & Co. (6/7) $826.7 Bear, Stearns & Co. (7/8) $701.5 Lehman Brothers (6/7) $638.0 Needham

Underwriter (Number Of IPOs As Lead Or Co-lead Underwriter) After-Market Performance (Average) Credit Suisse First Boston (1) +52% Merrill Lynch & Co. (1) +41% Banc Of America Securities (2) +30% UBS Investment Bank (2) +25% Morgan Stanley & Co. (1) +22% Deutsche Bank Securities (1) +22% CIBC World Markets (1) +18% JP Morgan Securities (1) -2% First Dunbar Securities (1) -24% Bear, Stearns & Co. (1) -39% # After-market performance is

Underwriter (Number Of IPOs As Lead Or Co-lead Underwriter) Gross Proceeds (M) Banc Of America Securities (2) $128.4 UBS Investment Bank (2) $101.2 Merrill Lynch & Co. (1) $91.1 Credit Suisse First Boston (1) $60.4 Morgan Stanley & Co. (1) $52.5 Deutsche Bank Securities (1) $52.5 Bear, Stearns & Co. (1) $42.0 JP Morgan Securities (1) $40.8 CIBC World Markets (1) $37.3 First Dunbar Securities (1) $17.3 * The offerings in this chart include only those that were

Underwriter (Number Of IPOs As Lead/ Number Of IPOs As Lead Or Co-manager) After-Market Performance (Average) Credit Suisse First Boston (1/1) +52% Leerink Swann & Co. (0/1) +52% Merrill Lynch & Co. (1/1) +41% BMO Nesbitt Burns (0/1) +41% Pacific Growth Equities (0/2) +32% Lazard Freres & Co. (0/3) +31% Banc Of America Securities (2/2) +30% UBS Investment Bank (2/2) +25% Morgan Stanley & Co. (1/1) +22% Deutsche Bank Securities (1/1) +22% JP Morgan Securities

Underwriter (Number Of IPOs As Lead/ Number Of IPOs As Lead Or Co-manager) Gross Proceeds (M) Lazard Freres & Co. (0/3) $150.2 Pacific Growth Equities (0/2) $143.6 Banc Of America Securities (2/2) $128.4 CIBC World Markets (1/2) $120.1 UBS Investment Bank (2/2) $101.2 Merrill Lynch & Co. (1/1) $91.1 BMO Nesbitt Burns (0/1) $91.1 Credit Suisse First Boston (1/1) $60.4 Leerink Swann & Co. (0/1) $60.4 Deutsche Bank Securities (1/1) $52.5 Morgan Stanley & Co

Underwriter (Number Of Offerings As Lead Or Co-lead Underwriter) After-Market Performance (Average) Credit Suisse First Boston (1) +52% Merril Lynch & Co. (3) +24% Banc of America Securities (3) +18% CIBC World Markets (6) +14% Piper Jaffray & Co. (1) +14% Deutche Bank Securities (2) +13% Wachovia Capital Markets (1) +9% Lehman Brothers (2) +7% UBS Investment Bank (11) +0% SG Cowen & Co. (3) -2% WR Hambrecht + Co. (1) -4% Punk

Underwriter (Number Of Offerings As Lead Or Co-lead Underwriter) Gross Proceeds (M) UBS Investment Bank (11) $675.2 Merril Lynch & Co. (3) $447.1 Morgan Stanley & Co. (3) $293.9 CIBC World Markets (6) $258.6 Lehman Brothers (2) $235.6 Goldman, Sachs & Co. (1) $202.4 Banc of America Securities (3) $184.6 SG Cowen & Co. (3) $154.1 Deutche Bank Securities (2) $125.8 JP Morgan Securities (2) $100.8 Adams Harkness (1) $86.3 Citigroup (1) $86.3 Credit Suisse

Underwriter(Number Of Offerings As Lead/ Number Of Offerings As Lead Or Co-manager) After-Market Performance (Average) Credit Suisse First Boston (1/1) +52% Merrill Lynch & Co. (3/3) +24% Lazard Freres & Co. (0/4) +22% Leerink Swann & Co. (0/2) +20% William Blair & Co. (0/2) +16% Granite Financial Group (0/1) +14% Morgan Joseph & Co. (0/1) +14% Deutsche Bank Securities (2/2) +13% Banc of America Securities (3/4) +12% Robert W. Baird & Co. (0/1) +9% Thomas

Underwriter (Number Of Offerings As Lead/Number Of Offerings As Lead Or Co-manager) Gross Proceeds (M) UBS Investment Bank (11/12) $850.8 JP Morgan Securities (2/7) $701.0 CIBC World Markets (6/11) $535.9 Merrill Lynch & Co. (3/3) $447.1 Banc of America Securities (3/4) $387.0 Lehman Brothers (2/3) $386.6 SG Cowen & Co. (3/4) $334.5 Piper Jaffray & Co. (1/3) $331.2 Morgan Stanley & Co. (3/3) $293.9 Needham & Co. (0/5) $291.2 First

Underwriter (Number Of IPOs As Lead/ Number Of IPOs As Lead Or Co-Manager) Percentage Change In Stock Price Post-IPO To Year-End CIBC World Markets (1/6) +16% Credit Suisse First Boston (1/4) +15% Leerink Swann & Co. (0/1) +14% Thomas Weisel Partners (3/8) +13% Harris Nesbitt (0/3) +13% Jefferies & Co. (0/1) +13% Wachovia Capital Markets (0/1) +13% Wells Fargo Securities (0/2) +11% Robert W. Baird & Co. (0/1) +11% JP Morgan Securities (0/1) +11% Goldman Sachs & Co. (4/4

Underwriter (Number Of IPOs As Lead/Number Of IPOs As Lead Or Co-Manager) Gross Proceeds (M) UBS Investment Bank (4/4) $245.10 Banc of America Securities (3/5) $224.80 Lazard Freres & Co. (1/3) $220.20 Legg Mason Wood Walker (0/4) $193.20 Harris Nesbitt (0/3) $183.10 Deutsche Bank Securities (4/4) $164.00 Needham & Co. (1/3) $115.00 Pacific Growth Equities (0/1) $103.20 JMP Securities (0/3) $98.00 RBC Capital Markets (1/2) $95.70 Adams, Harkness & Hill (0/2) $90.20