Underwriter (Number of Offerings As Lead/Number | After-Market Performance |
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Robertson Stephens Inc. (0/2) | +25% |
Lehman Brothers Inc. (4/5) | +19% |
Credit Suisse First Boston (3/3) | +13% |
Banc of America Securities Inc. (1/3) | +6% |
Gruntal & Co. LLC (0/1) | +4% |
U.S. Bancorp Piper Jaffray (3/4) | +1% |
C.E. Unterberg, Towbin (0/1) | 0% |
Ladenburg Thalmann & Co. (1/1) | -3% |
Legg Mason Wood Walker (1/1) | -3% |
UBS Warburg LLC (1/2) | -6% |
S.G. Cowen Securities Corp. (2/5) | -7% |
Merrill Lynch & Co. (2/2) | -9% |
J.P. Morgan Chase & Co. (2/4) | -15% |
Gerard Klauer Mattison & Co. (2/2) | -17% |
CIBC World Markets Corp. (1/6) | -30% |
Adams, Harkness & Hill Inc. (0/1) | -31% |
Arnold & S. Bleichroeder Inc. (0/1) | -31% |
Thomas Weisel Partners LLC (2/2) | -32% |
ABN Amro Rothschild LLC (0/1) | -33% |
Lazard Freres & Co. LLC (0/1) | -33% |
Fidelity Capital Markets (0/1) | -37% |
Robert W. Baird & Co. Inc. (0/1) | -37% |
Dain Rauscher Wessels (0/3) | -39% |
Morgan Stanley Dean Witter (1/1) | -44% |
Salomon Smith Barney (1/1) | -63% |
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* The offerings in these charts include only those that were completed on U.S. stock exchanges (NASDAQ, NYSE or AMEX) from January Aug. 17, 2001. Gross proceeds include additional funding raised from the exercise of overallotment options, when disclosed. |
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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 8/17/01. 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. |