Underwriter (Number of IPOs As Lead/Number Of IPOs As Lead Or Co-manager) | After-Market Performance (Average) |
Ragen Mackenzie Inc. (0/1) | +100% |
George K. Baum & Co. (0/1) | +100% |
Merrill Lynch & Co. (5/5) | +57% |
Salomon Smith Barney (2/5) | +55% |
Credit Suisse First Boston (2/5) | +53% |
Stephens Inc. (0/3) | +48% |
KBC Securities (0/1) | +38% |
Pacific Growth Equities Inc. (0/7) | +36% |
Robert W. Baird & Co. (0/1) | +29% |
Tucker Anthony Cleary Gull/T.A. Inc. (0/1) | +24% |
Morgan Stanley Dean Witter Inc. (4/4) | +23% |
Thomas Weisel Partners LLC (2/4) | +21% |
Bank of America Securities (1/2) | +16% |
Deutsche Banc Alex. Brown (6/8) | +14% |
Lazard Freres & Co. LLC (0/1) | +14% |
Lehman Brothers Inc. (9/15) | +13% |
CIBC World Markets (6/13) | +12% |
Prudential Vector Healthcare Group (1/11) | +12% |
DLJ Direct Inc. (0/2) | +9% |
Donaldson, Lufkin & Jenrette (2/2) | +9% |
J.P. Morgan & Co. (5/6) | +7% |
Goldman, Sachs & Co. (2/2) | +7% |
Legg Mason Wood Walker (0/2) | +7% |
UBS Warburg/Warburg Dillon Read LLC (8/18) | +3% |
U.S. Bancorp Piper Jaffray (2/11) | +3% |
Robertson Stephens Inc. (5/10) | +3% |
ING Barings LLC (1/8) | +3% |
Invemed Associates (0/2) | +2% |
Gruntal & Co. LLC (0/1) | +1% |
Roth Capital Partners (1/1) | +1% |
Chase H&Q (5/23) | -2% |
Dain, Rauscher Wessels (0/5) | -6% |
S.G. Cowen Securities Corp. (4/14) | -11% |
Bear, Stearns & Co. Inc. (3/5) | -11% |
Fidelity Capital Markets (0/3) | -11% |
PaineWebber Inc. (0/2) | -12% |
William Blair & Co. (0/3) | -16% |
Adams, Harkness & Hill (0/4) | -18% |
A.G. Edwards & Sons Inc. (0/2) | -19% |
Punk Ziegel & Co. (0/1) | -24% |
Gerard Klauer Mattison & Co. (0/1) | -26% |
Wit SoundView (0/1) | -53% |
Goldman Sachs International (1/1) | -58% |
* 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. |
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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 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. |