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

Gross
Proceeds
(M)


Morgan Stanley & Co. (11/11)

$1,598.5

Piper Jaffray & Co. (7/17)

$1,126.1

Bear, Stearns & Co. (3/8)

$1,108.6

UBS Investment Bank (16/16)

$1,005.0

SG Cowen Securities (10/17)

$992.9

Lazard Freres & Co. (1/8)

$982.6

Banc of America Securities (4/8)

$846.4

Merrill Lynch & Co. (4/4)

$761.9

CIBC World Markets (4/13)

$737.3

Pacific Growth Equities (3/6)

$716.3

JP Morgan Securities (4/6)

$675.8

Needham & Co. (3/10)

$635.3

Thomas Weisel Partners (3/11)

$584.2

Credit Suisse First Boston (2/5)

$532.1

Deutsche Bank Securities (8/9)

$501.9

Legg Mason Wood Walker (1/7)

$413.9

WR Hambrecht + Co. (2/6)

$386.1

Lehman Brothers (5/5)

$370.2

Harris Nesbitt (0/5)

$355.4

Citigroup Global Markets (5/7)

$340.4

Goldman Sachs & Co. (4/4)

$311.9

JMP Securities (0/6)

$294.4

First Albany Capital (0/4)

$246.2

Leerink Swann & Co. (0/3)

$245.1

Robert W. Baird & Co. (0/3)

$233.5

Adams, Harkness & Hill (0/4)

$194.4

Wells Fargo Securities (0/3)

$187.2

Jefferies & Co. (1/3)

$176.1

Roth Capital Partners (1/3)

$164.9

Rodman & Renshaw (0/3)

$162.9

RBC Capital Markets (2/3)

$153.4

Punk, Ziegel & Co. (0/3)

$142.3

Delafield Hambrecht (0/2)

$106.2

Fortis Securities (0/2)

$103.0

Wachovia Capital Markets (0/1)

$87.5

Think Equity Partners (0/2)

$74.5

C.E. Unterberg, Towbin (0/1)

$61.9

William Blair & Co. (0/1)

$61.9

Brean Murray & Co. (0/1)

$59.5

Stanford Group (0/1)

$59.5

A.G. Edwards & Sons (0/1)

$57.7

Ryan Beck & Co. (1/1)

$56.7

Merriman Curhan Ford & Co. (0/1)

$41.5


* This chart includes only offerings of common stock on U.S. exchanges from Jan. 1 to Dec. 31, 2004. Gross proceeds include funds raised from the exercise of overallotment options, when disclosed.