Underwriter (Number of IPOs As Lead/Number of IPOs As Lead Or Co-manager)

Gross Proceeds (M)

Chase H&Q (5/23)

$1,992.4

UBS Warburg/Warburg Dillon Read LLC (8/18)

$1,810.6

CIBC World Markets (6/13)

$1,468.7

Lehman Brothers Inc. (9/15)

$1,402.3

S.G. Cowen Securities Corp. (4/14)

$1,367.2

Deutsche Banc Alex. Brown (6/8)

$1,119.0

U.S. Bancorp Piper Jaffray (2/11)

$1,065.6

Robertson Stephens Inc. (5/10)

$899.9

Prudential Vector Healthcare Group (1/11)

$850.5

ING Barings LLC (1/8)

$827.9

Pacific Growth Equities Inc. (0/7)

$670.7

J.P. Morgan & Co. (5/6)

$582.4

Merrill Lynch & Co. (5/5)

$551.7

Morgan Stanley Dean Witter Inc. (4/4)

$541.1

Bear, Stearns & Co. Inc. (3/5)

$534.7

Credit Suisse First Boston (2/5)

$508.6

Salomon Smith Barney (2/5)

$502.2

Adams, Harkness & Hill (0/4)

$491.9

Dain, Rauscher Wessels (0/5)

$407.1

DLJ Direct Inc. (0/2)

$287.6

Donaldson, Lufkin & Jenrette (2/2)

$287.6

Thomas Weisel Partners LLC (2/4)

$270.6

Fidelity Capital Markets (0/3)

$254.6

KBC Securities (0/1)

$244.2

Goldman, Sachs & Co. (2/2)

$232.0

Stephens Inc. (0/3)

$227.1

Punk Ziegel & Co. (0/1)

$220.0

William Blair & Co. (0/3)

$201.8

Bank of America Securities (1/2)

$191.0

PaineWebber Inc. (0/2)

$138.4

Goldman Sachs International (1/1)

$119.1

Lazard Freres & Co. LLC (0/1)

$115.9

Robert W. Baird & Co. (0/1)

$111.2

Ragen Mackenzie Inc. (0/1)

$100.1

George K. Baum & Co. (0/1)

$100.1

Legg Mason Wood Walker (0/2)

$96.4

A.G. Edwards & Sons Inc. (0/2)

$93.2

Invemed Associates (0/2)

$92.0

Gerard Klauer Mattison & Co. (0/1)

$82.8

Tucker Anthony Cleary Gull/T.A. Inc. (0/1)

$69.0

Gruntal & Co. LLC (0/1)

$52.0

Roth Capital Partners (1/1)

$52.0

Wit SoundView (0/1)

$30.0

* The offerings in this chart include only those that were completed on U.S. stock exchanges (NASDAQ, NYSE or AMEX) from January - December 2000. 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 12/31/00. 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.