Underwriter (Number Of
IPOs As Lead/Number Of IPOs
As Lead Or Co-manager)
Gross
Proceeds
(M)

Cowen & Co. (4/8) $499.9
Pacific Growth Equities (3/7) $341.4
Morgan Stanley & Co. (4/4) $313.4
Thomas Weisel Partners (0/3) $275.5
Piper Jaffray & Co. (3/4) $221.5
Merrill Lynch & Co. (3/3) $217.1
JMP Securities (0/4) $197.1
Banc of America Securities (4/4) $182.9
Lazard Capital Markets (0/4) $172.0
CIBC World Markets (3/4) $169.0
RBC Capital Markets (0/2) $157.0
Jefferies & Co. (1/2) $148.0
Deutsche Bank Securities (3/3) $143.9
First Albany Capital (1/4) $126.7
JP Morgan Securities (2/2) $122.2
Ardour Capital Investments (0/1) $109.5
UBS Investment Bank (3/3) $109.4
HSBC Securities (0/2) $107.5
Lerrink Swann & Co. (0/2) $78.1
Bear, Stearns & Co. (1/1) $44.9
Oppenheimer & Co. (0/1) $39.6
A.G. Edwards (0/1) $36.8
Susquehanna Financial (0/1) $35.0
Fortis Securities (0/1) $34.8
Stifel Nicolaus (1/1) $20.1
Roth Capital Partners (1/1) $10.2
Sunrise Securities (1/1) $10.2

* The offerings in this chart include only those that were completed on U.S. stock exchanges from Jan. 1 to Dec. 31, 2006. Gross proceeds include additional funding raised from the exercise of overallotment options, when disclosed.