Underwriter (Number Of IPOs As Lead/Number Of IPOs | After-Market Performance (Average) |
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Kashner Davidson Securities Corp. (1/1) | -38% |
Roan Meyers Associates LP (1/1) | -38% |
Bear Stearns & Co. Inc. (0/1) | -43% |
Merrill Lynch & Co. (1/1) | -43% |
Pacific Growth Equities Inc. (0/1) | -43% |
S.G. Cowen Securities Corp. (0/1) | -44% |
UBS Warburg LLC (1/1) | -44% |
Lehman Brothers Inc. (2/2) | -56% |
CIBC World Markets Corp. (1/2) | -56% |
Fidelity Capital Markets (0/1) | -68% |
Lazard Freres & Co. LLC (0/1) | -68% |
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# After-market performance is expressed as the percent change in stock price between the offering price and the closing price on 8/20/02. 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. |
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