Underwriter |
After-Market |
| | |
UBS Securities (1) |
+117% |
Janney Montgomery Scott (1) |
+57% |
Morgan Stanley and Co. (1) |
+9% |
WR Hambrecht + Co. (1) |
+2% |
Credit Suisse First Boston (1) |
+2% |
J.P. Morgan Securities (3) |
-8% |
Lehman Brothers Inc. (2) |
-23% |
Deutsche Bank Securities (2) |
-35% |
S.G. Cowen Securities (1) |
-37% |
| | |
# 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. | |
