Underwriter |
After-Market |
| | |
Janney Montgomery Scott (1) |
+57% |
Bear Stearns & Co. Inc. (2) |
+46% |
Citigroup Global Markets (3) |
+46% |
Lehman Brothers Inc. (6) |
+45% |
Morgan Stanley and Co. (10) |
+35% |
Banc of America Securities (1) |
+34% |
Pacific Growth Equities (4) |
+27% |
Goldman Sachs & Co. (3) |
+23% |
CIBC World Markets Corp. (3) |
+21% |
UBS Securities (8) |
+16% |
Thomas Weisel Partners (2) |
+14% |
U.S. Bancorp Piper Jaffray (2) |
+11% |
Merrill Lynch & Co. (6) |
+8% |
Credit Suisse First Boston (1) |
+2% |
WR Hambrecht + Co. (1) |
+2% |
C.E. Unterberg, Towbin (1) |
-2% |
J.P. Morgan Securities (3) |
-8% |
S.G. Cowen Securities (4) |
-12% |
Deutsche Bank Securities (2) |
-15% |
Jefferies and Co. (2) |
-36% |
| | |
# After-market performance is expressed as the percent change in stock price between the offering price and the closing price on 12/31/03. 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. | |
