Underwriter (Number of IPOs As Lead Underwriter) | After-Market Performance (Average) |
Salomon Smith Barney (2) | +216% |
Goldman, Sachs & Co. (2) | +213% |
Credit Suisse First Boston (3) | +205% |
ING Barings (1) | +157% |
Prudential Vector Healthcare Group (1) | +105% |
Merrill Lynch & Co. (2) | +97% |
Bear, Stearns & Co. Inc. (2) | +89% |
CIBC World Markets (4) | +87% |
Lehman Brothers Inc. (6) | +87% |
Morgan Stanley Dean Witter (2) | +87% |
J.P. Morgan & Co. (4) | +81% |
UBS Warburg/Warburg Dillon Read LLC (7) | +78% |
Deutsche Banc Alex. Brown (5) | +73% |
Thomas Weisel Partners LLC (1) | +60% |
Chase H&Q (4) | +54% |
Robertson Stephens Inc. (5) | +50% |
Roth Capital Partners (1) | +39% |
Donaldson, Lufkin & Jenrette (2) | +34% |
Bank of America Securities (1) | +3% |
S.G. Cowen Securities Corp. (2) | -5% |
U.S. Bancorp Piper Jaffray (1) | -6% |
* 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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