Underwriter (Number of IPOs As Lead Underwriter)

Gross Proceeds (M)

Lehman Brothers Inc. (1)


CIBC World Markets Corp. (1)


Merrill Lynch & Co. (1)


Thomas Weisel Partners LLC (1)


J.P. Morgan Chase & Co. (1)


* The offerings in this chart 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.

# 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.