Full Credit to Lead Underwriter, Ranked by After-Market Performance*# | ||||
Rank |
Underwriter |
Offerings As Lead |
Offerings as Lead or Co-Manager |
After-Market Performance (Average) |
1 |
Bank of America Merrill Lynch |
1 |
1 |
31% |
2 |
Jefferies & Co. |
1 |
1 |
31% |
3 |
Morgan Stanley |
1 |
1 |
31% |
4 |
Barclays Capital |
1 |
1 |
23% |
5 |
Credit Suisse |
1 |
1 |
8% |
6 |
J.P. Morgan Securities |
1 |
1 |
8% |
7 |
Canaccord Genuity |
1 |
3 |
1% |
8 |
Deutsche Bank Securities |
1 |
1 |
-3% |
9 |
Piper Jaffray |
3 |
3 |
-14% |
10 |
Citigroup Global Markets |
1 |
1 |
-28% |
11 |
Stifel Nicolaus Weisel |
2 |
3 |
-28% |
12 |
Lazard Capital Markets |
1 |
1 |
-33% |
13 |
Leerink Swann |
1 |
3 |
-37% |
14 |
RBC Capital Markets |
1 |
2 |
-37% |
15 |
Maxim Group LLC |
1 |
1 |
-45% |
16 |
Roth Capital Partners |
1 |
1 |
-45% |
17 |
Cowen & Co. |
1 |
4 |
-56% |
18 |
JMP Securities |
1 |
2 |
-56% |
|
* The offerings in this chart include only those that were completed on U.S. stock exchanges (NASDAQ, NYSE or AMEX) from Jan. 1 - Dec. 31, 2011. # After-market performance is expressed as the percent change in stock price between the offering price and the closing price on 12/31/11. For underwriters with multiple offerings, the after-market performance (as a percent change) was calculated for each stock in that underwriter's "group," the percentage summed, and then averaged. | ||||