Underwriter |
After-Market |
WR Hambrecht + Co. (1/1) |
+87% |
Punk, Ziegel & Co. (0/1) |
+87% |
Merrill Lynch & Co. (2/2) |
+65% |
First Albany Capital (0/1) |
+63% |
Morgan Stanley & Co. (3/3) |
+50% |
Bear, Stearns & Co. (1/3) |
+49% |
Needham & Co. (1/3) |
+48% |
Citigroup Global Markets (1/2) |
+32% |
Deutsche Bank Securities (4/4) |
+17% |
Think Equity Partners (0/2) |
+17% |
CIBC World Markets (1/6) |
+16% |
Credit Suisse First Boston (1/4) |
+15% |
Leerink Swann & Co. (0/1) |
+14% |
Thomas Weisel Partners (3/8) |
+13% |
Harris Nesbitt (0/3) |
+13% |
Jefferies & Co. (0/1) |
+13% |
Wachovia Capital Markets (0/1) |
+13% |
Wells Fargo Securities (0/2) |
+11% |
Robert W. Baird & Co. (0/1) |
+11% |
JP Morgan Securities (0/1) |
+11% |
Goldman Sachs & Co. (4/4) |
+4% |
Banc of America Securities (3/5) |
+4% |
Piper Jaffray & Co. (6/12) |
+3% |
SG Cowen Securities (7/10) |
+2% |
Lazard Freres & Co. (1/3) |
-4% |
UBS Investment Bank (4/4) |
-6% |
Lehman Brothers (3/3) |
-8% |
Adams, Harkness & Hill (0/2) |
-8% |
Legg Mason Wood Walker (0/4) |
-13% |
Pacific Growth Equities (0/1) |
-21% |
JMP Securities (0/3) |
-23% |
Fortis Securities (0/1) |
-24% |
RBC Capital Markets (1/2) |
-33% |
# After-market performance is expressed as the percent change in stock price between the offering price and the closing price on 12/31/04. 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. | |