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

JP Morgan Securities (4) $266.4
Merrill Lynch & Co. (2) $201.5
Banc of America Securities (2) $128.4
Morgan Stanley & Co. (2) $107.5
Lehman Brothers (2) $102.2
UBS Investment Bank (2) $101.2
SG Cowen & Co. (2) $90.3
Credit Suisse First Boston (1) $60.4
Deutsche Bank Securities (1) $52.5
Pacific Growth Equities (1) $48.3
Bear, Stearns & Co. (1) $42.0
CIBC World Markets (1) $37.3
C.E. Unterberg, Towbin (1) $32.0
ThinkEquity Partners (1) $32.0
WR Hambrecht + Co. (1) $28.9
First Dunbar Securities (1) $17.3
Jefferies & Co. (1) $19.2

* The offerings in this chart include only those that were completed on U.S. stock exchanges from Jan. 1 to Dec. 31, 2005. Gross proceeds include additional funding raised from the exercise of overallotment options, when disclosed.