Underwriter |
After-Market |
Bear, Stearns & Co. (1) |
+28% |
ThinkEquity Partners (1) |
+17% |
Goldman, Sachs & Co. (3) |
+12% |
Merrill Lynch & Co. (6) |
+2% |
Morgan Stanley & Co. (5) |
-1% |
JP Morgan Securities (4) |
-6% |
CIBC World Markets (3) |
-11% |
UBS Investment Bank (8) |
-15% |
Roth Capital Partners (1) |
-15% |
Sunrise Securities (1) |
-15% |
Pacific Growth Equities (3) |
-17% |
Deutsche Bank Securities (4) |
-18% |
Cowen & Co. (3) |
-18% |
Piper Jaffray & Co. (3) |
-18% |
Banc of America Securities (6) |
-24% |
Lehman Brothers (3) |
-24% |
Credit Suisse Securities (1) |
-30% |
JMP Securities (1) |
-31% |
Robert W. Baird & Co. (1) |
-31% |
Ferris, Baker Watts (1) |
-34% |
C.E. Unterberg, Towbin (1) |
-38% |
Lazard Capital Markets (1) |
-38% |
RBC Capital Markets (1) |
-66% |
WR Hambrecht + Co. (1) |
-66% |
# After-market performance is expressed as the percent change in stock price between the offering price and the closing price on 7/31/06. 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. |