(Number Of Offerings As Lead/Number Of Offerings As Lead Or Co-manager) | After-Market Performance (Average) |
|
Merrill Lynch & Co. (2/2) |
+38% |
|
ThinkEquity Partners (0/2) |
+24% |
|
Morgan Stanley & Co. (4/4) |
+20% |
|
Brean Murray & Co. (0/1) |
+17% |
|
Punk, Ziegel & Co. (0/1) |
+17% |
|
Stanford Group (0/1) |
+17% |
|
Bear, Stearns & Co. (3/5) |
+12% |
|
Credit Suisse First Boston (2/4) |
+12% |
|
Merriman Curhan Ford & Co. (0/1) |
+4% |
|
Citigroup Global Markets (3/5) |
+3% |
|
Banc of America Securities (4/6) |
+2% |
|
Jefferies & Co. (0/1) |
+0% |
|
Leerink Swann & Co. (0/3) |
-2% |
|
SG Cowen Securities (9/15) |
-4% |
|
CIBC World Markets (2/10) |
-5% |
|
Roth Capital Partners (1/3) |
-8% |
|
WR Hambrecht + Co. (1/2) |
-8% |
|
Adams, Harkness & Hill (0/4) |
-9% |
|
RBC Capital Markets (2/3) |
-9% |
|
Thomas Weisel Partners (3/7) |
-10% |
|
Legg Mason Wood Walker (1/6) |
-12% |
|
Underwriter |
After-Market Performance |
|
C.E. Unterberg, Towbin (0/1) |
-12% |
|
William Blair & Co. (0/1) |
-12% |
|
First Albany Capital (0/3) |
-13% |
|
Robert W. Baird & Co. (0/3) |
-13% |
|
UBS Investment Bank (12/12) |
-14% |
|
Fortis Securities (0/2) |
-14% |
|
Lehman Brothers (4/4) |
-16% |
|
Pacific Growth Equities (1/3) |
-16% |
|
Harris Nesbitt Gerard (0/3) |
-16% |
|
Piper Jaffray & Co. (5/12) |
-19% |
|
JP Morgan Securities (2/4) |
-19% |
|
Deutsche Bank Securities (5/5) |
-21% |
|
Ryan Beck & Co. (1/1) |
-21% |
|
Needham & Co. (2/8) |
-22% |
|
Goldman Sachs & Co. (3/3) |
-22% |
|
Lazard Freres & Co. (1/7) |
-24% |
|
Rodman & Renshaw (0/2) |
-24% |
|
A.G. Edwards & Sons (0/1) |
-24% |
|
JMP Securities (0/6) |
-29% |
|
Wells Fargo Securities (0/1) |
-43% |
|
|
# After-market performance is expressed as the percent change in stock price between the offering price and the closing price on 7/16/04. 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. | ||
