Underwriter (Number of Offerings As Lead/Number of Offerings As Lead Or Co-manager)

Gross Proceeds (M)

Warburg Dillon Read LLC (1/7)

$5,675.7

Robertson Stephens (1/7)

$5,596.4

J.P. Morgan & Co. (3/5)

$5,471.2

Goldman, Sachs & Co. (1/3)

$5,401.4

Merrill Lynch/Merrill Lynch Canada (0/3)

$5,392.2

Chase H&Q (2/10)

$495.9

U.S. Bancorp Piper Jaffray (2/6)

$352.7

Morgan Stanley Dean Witter (4/4)

$315.5

Prudential Vector Healthcare# (1/5)

$312.1

CIBC World Markets Inc./CIBC Oppenheimer Corp./CIBC Wood Grundy Securities Inc. (3/4)

$261.3

Donaldson, Lufkin & Jenrette (3/4)

$258.9

Deutsche Banc Alex. Brown@ (1/3)

$246.3

ING Barings (2/3)

$228.1

Invemed Associates Inc. (0/2)

$187.4

Nesbitt Burns (2/3)

$171.4

Pacific Growth Equities Inc. (0/2)

$151.0

S.G. Cowen & Co. (0/3)

$149.0

Schroders & Co. Inc. (0/2)

$144.6

Credit Suisse First Boston Corp. (2/2)

$131.6

Lehman Brothers (1/2)

$117.7

Dain Rauscher Wessles (0/2)

$114.6

Punk Ziegel & Co. (0/2)

$90.0

Robert Fleming & Co. Ltd. (1/1)

$88.8

Raymond James & Associates (0/2)

$73.9

Leerink Swann & Co. (0/1)

$67.6

Bank J Vontobel & Co. AG (0/1)

$67.6

A.G. Edwards & Sons Inc. (0/1)

$62.1

Legg Mason Wood Walker Inc. (0/1)

$54.6

Salomon Smith Barney Inc. (1/1)

$50.5

Gerard Klauer Mattison & Co. Inc. (0/1)

$43.7

Adams Harkness & Hill (0/1)

$42.0

Robert W. Baird & Co. (0/1)

$42.0

RBC Dominion Securities Inc. (0/2)

$33.4

HSBC James Capel Canada Inc. (0/2)

$25.4

Loewen Ondaatje McCutcheon Ltd. (1/2)

$23.8

Cruttendon Roth Inc.

$23.3

Goepel McDermid Inc. (0/1)

$20.8

Canaccord Capital Corp. (1/2)

$14.4

First Marathon Securities Ltd. (1/1)

$13.3

Yorkton Securities Inc. (0/1)

$12.6

Brean Murray & Co. Inc. (1/1)

$12.5

TD Securities Inc. (1/1)

$12.1

Levesque Beaubien Geoffrion Inc. (1/1)

$11.7

Westport Resources (1/1)

$11.5

New China Hong Kong Securities Ltd. (0/1)

$11.5

China Everbright Securities (0/1)

$11.5

Joseph Charles & Associates (1/1)

$10.8

Millennium Financial Group Inc. (0/1)

$10.8

Pro-Genesis Securities Inc. (1/1)

$2.6

* 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 - December 1999. 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 IPO price and the closing price on 12/31/99. 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.

# May include offerings handled by Prudential Securities and Vector Securities International Inc. prior to their merger.

@ May include offerings handled by Deutsche Bank and BT Alex. Brown prior to merger.