Underwriter (Number of Offerings As Lead/Number of Offerings As Lead Or Co-manager) | After-Market Performance (Average) |
William Blair & Co. (0/2) | +155% |
Credit Suisse First Boston (4/8) | +155% |
Salomon Smith Barney (3/7) | +146% |
Lazard Freres & Co. (0/2) | +119% |
CIBC World Markets (4/10) | +93% |
ING Barings LLC (3/10) | +74% |
Prudential Vector Healthcare Group (2/14) | +71% |
Stephens Inc. (0/2) | +70% |
Fidelity Capital Markets (0/3) | +68% |
Pacific Growth Equities Inc. (0/9) | +65% |
KBC Securities (0/1) | +63% |
S.G. Cowen Securities Corp. (2/15) | +63% |
Chase H&Q (6/28) | +57% |
Bear, Stearns & Co. Inc. (2/6) | +56% |
Lehman Brothers Inc. (7/18) | +54% |
Goldman, Sachs & Co. (5/6) | +52% |
U.S. Bancorp Piper Jaffray (1/13) | +52% |
J.P. Morgan & Co. (8/11) | +51% |
Punk Ziegel & Co. (0/1) | +51% |
Thomas Weisel Partners LLC (1/4) | +51% |
First Security Van Kasper (1/1) | +50% |
Robertson Stephens Inc. (8/17) | +50% |
Legg Mason Wood Walker (0/1) | +46% |
Gruntal & Co. LLC (0/2) | +45% |
Merrill Lynch & Co. (4/6) | +43% |
Sanders Morris Harris (0/1) | +41% |
Morgan Stanley Dean Witter Inc. (6/6) | +37% |
Deutsche Banc Alex. Brown (6/9) | +37% |
UBS Warburg/ Warburg Dillon Read LLC (10/24) | +34% |
DLJ Direct Inc. (0/2) | +34% |
Donaldson, Lufkin & Jenrette (2/2) | +34% |
Robert W. Baird & Co. (0/2) | +34% |
Roth Capital Partners Inc. (1/2) | +33% |
Invemed Associates (0/4) | +32% |
PaineWebber Inc. (2/4) | +29% |
First Colonial Securities Inc. (0/1) | +27% |
I-Bankers Securities Inc. (0/1) | +27% |
Paulson Investment Co. (1/1) | +27% |
Bank of America Securities (2/4) | +26% |
A.G. Edwards & Sons Inc. (0/1) | +23% |
Dain, Rauscher Wessels (0/6) | +21% |
Tucker Anthony Cleary Gull/T.A. Inc. (0/2) | +21% |
Neidiger Tucker Bruner Inc. (1/1) | +19% |
Westport Resources Investment Services Inc. (0/1) | +19% |
Aragon Securities AB (0/1) | +11% |
Adams, Harkness & Hill (0/5) | +3% |
Wit SoundView (0/1) | -4% |
First Union Securities Inc. (0/3) | -16% |
Nomura International (0/1) | -21% |
Gerard Klauer Mattison & Co. (0/1) | -37% |
Bank Vontobel (1/1) | N/A |
* The offerings in this chart include only those that were completed on U.S. stock exchanges (NASDAQ, NYSE or AMEX) from January - August 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 8/31/00. 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. |
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