Underwriter | After-Market |
| | |
Merrill Lynch & Co. (1) | -18% |
Lehman Brothers Inc. (2) | -33% |
UBS Warburg LLC (1) | -35% |
CIBC World Markets Corp. (1) | -48% |
Kashner Davidson Securities Corp. (1) | -64% |
Roan Meyers Associates LP (1) | -64% |
| | |
#After-market performance is expressed as the percent change in stock price between the offering price and the closing price on 12/31/02. 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. | |
