Underwriter
(Number Of IPOs As Lead/
Number Of IPOs As Lead
Or Co-manager)

 Gross
Proceeds
(M)

Cowen & Co. (2/5)

 $266.4

Pacific Growth Equities (3/5)

 $222.3

Merrill Lynch & Co. (2/2)

 $150.0

Morgan Stanley & Co. (2/2)

 $150.0

Banc of America Securities (3/3)

 $130.9

Piper Jaffray & Co. (2/3)

 $112.0

CIBC World Markets (2/3)

 $109.5

UBS Investment Bank (3/3)

 $109.4

First Albany Capital (0/3)

 $106.6

Deutsche Bank Securities (2/2)

 $81.8

Lazard Capital Markets (0/2)

 $81.5

JMP Securities (0/2)

 $75.5

JP Morgan Securities (1/1)

 $59.6

Thomas Weisel Partners (0/1)

 $59.6

RBC Capital Markets (0/1)

 $50.6

Bear, Stearns & Co. (1/1)

 $44.9

HSBC Securities (0/1)

 $44.9

Lerrink Swann & Co. (0/1)

 $39.6

Oppenheimer & Co. (0/1)

 $39.6

A.G. Edwards (0/1)

 $36.8

Susquehanna Financial (0/1)

 $35.0

Fortis Securities (0/1)

 $34.8

Roth Capital Partners (1/1)

 $10.2

Sunrise Securities (1/1)

 $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.