Underwriter

Gross

(Number of Offerings

Proceeds

As Lead Underwriter)

(M)

J.P. Morgan & Co. (8)

$3,929.3

Morgan Stanley Dean Witter Inc. (6)

$1,959.1

Goldman, Sachs & Co. (5)

$1,486.7

Robertson Stephens Inc. (8)

$1,332.0

UBS Warburg/Warburg Dillon Read LLC (10)

$987.5

Deutsche Banc Alex. Brown (6)

$799.4

Lehman Brothers Inc. (7)

$728.1

Chase H&Q (6)

$558.3

ING Barings LLC (3)

$459.4

Merrill Lynch & Co. (4)

$427.1

CIBC World Markets (4)

$412.3

Credit Suisse First Boston (4)

$401.7

Prudential Vector Healthcare Group (2)

$397.4

Donaldson, Lufkin & Jenrette (2)

$287.6

Bear, Stearns & Co. Inc. (2)

$286.4

Salomon Smith Barney (3)

$242.3

S.G. Cowen Securities Corp. (2)

$186.6

Bank of America Securities (2)

$169.8

PaineWebber Inc. (2)

$111.6

U.S. Bancorp Piper Jaffray (1)

$72.5

Thomas Weisel Partners LLC (1)

$69.0

Roth Capital Partners Inc. (1)

$52.0

Bank Vontobel (1)

$21.9

Paulson Investment Co. (1)

$21.8

First Security Van Kasper (1)

$16.6

Neidiger Tucker Bruner Inc. (1)

$16.2

*

The offerings in this chart include only those that were completed on U.S. stock exchanges (NASDAQ, NYSE or AMEX), the Canadian Stock Exchange (TSE) and the London Stock Exchange (LSE) from January - August 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 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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