|
Underwriter |
After-Market |
| | |
|
Credit Suisse First Boston (1) |
+52% |
|
Merrill Lynch & Co. (1) |
+41% |
|
Banc Of America Securities (2) |
+30% |
|
UBS Investment Bank (2) |
+25% |
|
Morgan Stanley & Co. (1) |
+22% |
|
Deutsche Bank Securities (1) |
+22% |
|
CIBC World Markets (1) |
+18% |
|
JP Morgan Securities (1) |
-2% |
|
First Dunbar Securities (1) |
-24% |
|
Bear, Stearns & Co. (1) |
-39% |
# 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. | |
