Underwriter(Number Of Offerings As Lead/ | After-Market Performance (Average) |
| | |
Credit Suisse First Boston (1/1) |
+52% |
Merrill Lynch & Co. (3/3) |
+24% |
Lazard Freres & Co. (0/4) |
+22% |
Leerink Swann & Co. (0/2) |
+20% |
William Blair & Co. (0/2) |
+16% |
Granite Financial Group (0/1) |
+14% |
Morgan Joseph & Co. (0/1) |
+14% |
Deutsche Bank Securities (2/2) |
+13% |
Banc of America Securities (3/4) |
+12% |
Robert W. Baird & Co. (0/1) |
+9% |
Thomas Weisel Partners (1/3) |
+7% |
BMO Nesbitt Burns (0/2) | +4% |
UBS Investment Bank (11/12) |
+3% |
Wachovia Capital Markets (1/2) |
+2% |
Harris Nesbitt (0/2) |
+2% |
CIBC World Markets (6/11) |
+0% |
Lehman Brothers (2/3) |
0% |
Friedman, Billings, Ramsey (0/2) |
0% |
SG Cowen & Co. (3/4) |
-0% |
Piper Jaffray & Co. (1/3) |
-1% |
Punk Ziegel & Co. (1/1) |
-4% |
WR Hambrecht + Co. (1/1) |
-4% |
Goldman, Sachs & Co. (1/1) |
-5% |
Needham & Co. (0/5) |
-6% |
C.E. Unterberg, Towbin (0/1) |
-6% |
Pacific Growth Equities (1/4) |
-10% |
First Albany Capital (0/2) |
-10% |
JP Morgan Securities (2/7) |
-12% |
Orion Securities (0/1) |
-12% |
First Associates Investments (0/1) |
-12% |
GMP Securities (0/1) |
-12% |
Morgan Stanley & Co. (3/3) |
-14% |
Jefferies & Co. (0/1) |
-21% |
Adams Harkness (1/1) |
-23% |
Citigroup (1/1) |
-23% |
D.A. Davidson & Co. (0/1) |
-23% |
First Dunbar Securities (1/1) |
-24% |
Fortis Securities (0/1) |
-34% |
Desjardins Securities (0/1) |
-34% |
Wells Fargo Securities (0/1) |
-34% |
Bear, Stearns & Co. (1/1) |
-39% |
A.G. Edwards & Sons (0/1) |
-39% |
* The offerings in this chart include only those that were completed on U.S. stock exchanges from Jan. 1 to June 30, 2005. | |
# After-market performance is expressed as the percent change in stock price between the offering price and the closing price on 6/30/05. 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. | |
