| Underwriter (Number Of Offerings As Lead/ Number Of Offerings As Lead Or Co-manager) | After-Market Performance (Average) |
| Friedman, Billings, Ramsey (0/1) | +110% |
| HSBC Securities (USA) Inc. (0/1) | +110% |
| Thomas Weisel Partners (0/2) | +80% |
| Credit Suisse Securities (3/4) | +33% |
| Broadpoint Capital Inc. (0/1) | +23% |
| Cowen & Co. (2/6) | +20% |
| Lehman Brothers (8/8) | +19% |
| Bank of America Securities (6/11) | +18% |
| JMP Securities LLC (0/7) | +18% |
| Merrill Lynch & Co. (7/7) | +8% |
| Bear, Stearns & Co. (5/5) | +6% |
| JP Morgan Securities (7/11) | +6% |
| Merriman Curhan Ford & Co. (2/5) | +6% |
| Piper Jaffray & Co. (1/7) | +5% |
| First Albany Capital (0/1) | +1% |
| Deutsche Bank Securities (5/8) | -1% |
| Leerink Swann & Co. (0/12) | -5% |
| Blackmont Capital (0/1) | -6% |
| Dawson James Securities (1/4) | -6% |
| Desjardins Securities (1/1) | -6% |
| Dundee Securities (1/1) | -6% |
| Rodman & Renshaw (2/7) | -6% |
| UBS Investment Bank (12/12) | -8% |
| Morgan Stanley (11/12) | -9% |
| Pacific Growth Equities (4/12) | -12% |
| CIBC World Markets (7/14) | -13% |
| Natexis Bleichroeder Inc. (0/3) | -13% |
| Lazard Capital Markets LLC (1/9) | -14% |
| Canaccord Adams (1/3) | -17% |
| Allen & Co. LLC (0/2) | -19% |
| Fortis Securities (0/4) | -20% |
| ThinkEquity Partners LLC (0/2) | -20% |
| Jefferies & Co. (3/6) | -22% |
| AG Edwards Securities (0/1) | -23% |
| Punk Ziegel & Co. (3/4) | -23% |
| Goldman, Sachs & Co. (2/2) | -24% |
| RBC Capital Markets (1/2) | -28% |
| Oppenheimer & Co. (0/2) | -31% |
| BMO Capital Markets (1/2) | -32% |
| Montgomery & Co. (0/1) | -33% |
| Caris & Co. (0/1) | -34% |
| Needham & Co. (1/1) | -35% |
| C.E. Unterberg, Towbin (1/2) | -41% |
| Susquehanna Financial (0/1) | -42% |
| Maxim Group LLC (2/2) | -48% |
| I-Bankers Securities (0/1) | -61% |
| MDB Capital Group LLC (1/1) | -62% |
| Mercer Capital Ltd. (1/1) | -73% |
|
| |
| * 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, 2007. | |
| # After-market performance is expressed as the percent change in stock price between the offering price and the closing price on 12/31/07. 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. | |
To read more on related topics, click on one of the words below.