Underwriter |
After-Market |
Bear, Stearns & Co. (1) |
+28% |
CIBC World Markets (2) |
+3% |
Merrill Lynch & Co. (2) |
-5% |
Morgan Stanley & Co. (2) |
-5% |
JP Morgan Securities (1) |
-9% |
Cowen & Co. (2) |
-13% |
Piper Jaffray & Co. (2) |
-14% |
UBS Investment Bank (3) |
-15% |
Roth Capital Partners (1) |
-15% |
Sunrise Securities (1) |
-15% |
Pacific Growth Equities (3) |
-17% |
Deutsche Bank Securities (2) |
-17% |
Banc of America Securities (3) |
-24% |
| # 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. | |
