Underwriter
(Number Of IPOs As
Lead Underwriter)

Gross
Proceeds
(M)


J.P. Morgan Securities (3)

$230.5

Pacific Growth Equities (0)

$210.0

U.S. Bancorp Piper Jaffray (0)

$208.5

Thomas Weisel Partners (0)

$184.5

CIBC World Markets Corp. (0)

$143.0

Lehman Brothers Inc. (2)

$132.0

Morgan Stanley and Co. (1)

$84.0

Lazard Freres (0)

$80.5

Credit Suisse First Boston (1)

$80.5

Citigroup Global Markets (0)

$72.0

Deutsche Bank Securities (1)

$66.0

UBS Securities (1)

$62.5

RBC Capital Markets (0)

$62.5

Loewen, Ondaatje, McCutcheon (0)

$62.5

Orion Securities (0)

$62.5

Banc of America Securities (0)

$62.5

S.G. Cowen Securities (4)

$52.5

Friedman, Billings, Ramsey & Co. (0)

$52.5

Brean Murray & Co. (0)

$37.6

WR Hambrecht + Co. (1)

$37.6

Punk, Ziegel (0)

$37.6

Janney Montgomery Scott (1)

$15.6


* The offerings in this chart include only those that were completed on U.S. stock exchanges (NASDAQ, NYSE or AMEX) from Jan. 1 Dec. 31, 2003. Gross proceeds include additional funding raised from the exercise of overallotment options, when disclosed.