Underwriter
(Number Of IPOs As
Lead Or Co-lead
Underwriter)

Gross
Proceeds
(M)

Merrill Lynch & Co. (2)

$150.0

Morgan Stanley & Co. (2)

$150.0

UBS Investment Bank (3)

$109.4

Pacific Growth Equities (3)

$132.4

Banc of America Securities (3)

$130.9

Deutsche Bank Securities (2)

$81.8

Cowen & Co. (2)

$79.9

Piper Jaffray & Co. (2)

$75.5

CIBC World Markets (2)

$64.5

JP Morgan Securities (1)

$59.6

Bear, Stearns & Co. (1)

$44.9

Roth Capital Partners (1)

$10.2

Sunrise Securities (1)

$10.2

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