Underwriter (Number of IPOs As Lead Underwriter) | After-Market Performance (Average) |
Salomon Smith Barney (2) | +82% |
Merrill Lynch & Co. (5) | +57% |
Prudential Vector Healthcare Group (1) | +50% |
Deutsche Banc Alex. Brown (6) | +30% |
Credit Suisse First Boston (2) | +30% |
Thomas Weisel Partners LLC (2) | +24% |
Morgan Stanley Dean Witter (4) | +23% |
Lehman Brothers Inc. (9) | +11% |
Donaldson, Lufkin & Jenrette (2) | +9% |
Goldman, Sachs & Co. (2) | +7% |
UBS Warburg/Warburg Dillon Read LLC (8) | +5% |
Bank of America Securities (1) | +2% |
Roth Capital Partners (1) | +1% |
J.P. Morgan & Co. (5) |
+0.2% |
CIBC World Markets (6) | -5% |
Robertson Stephens Inc. (5) | -9% |
U.S. Bancorp Piper Jaffray (2) | -9% |
Chase H&Q (5) | -14% |
ING Barings LLC (1) | -14% |
Bear, Stearns & Co. Inc. (3) | -20% |
|
S.G. Cowen Securities Corp. (4) | -36% |
Goldman Sachs International (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. |
|
#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. |
|