Underwriter (Number of Offerings As Lead/Number of Offerings As Lead Or Co-manager) | After-Market Performance (Average) |
Lehman Brothers (1/2) | +456% |
Pacific Growth Equities Inc. (0/2) | +393% |
A.G. Edwards & Sons Inc. (0/1) | +283% |
Robertson Stephens (1/7) | +252% |
Invemed Associates Inc. (0/2) | +229% |
Goldman, Sachs & Co. (1/3) | +203% |
Cruttendon Roth Inc. (1/1) | +202% |
China Everbright Securities (0/1) | +189% |
The New China Hong Kong Securities Ltd. (0/1) | +189% |
Westport Resources Investment Services Inc. (1/1) | +189% |
Donaldson, Lufkin & Jenrette (3/4) | +168% |
Deutsche Banc Alex. Brown@ (1/3) | +160% |
Gerard Klauer Mattison & Co. Inc. (0/1) | +157% |
Warburg Dillon Read LLC (1/7) | +144% |
U.S. Bancorp Piper Jaffray (2/6) | +119% |
Prudential Vector Healthcare# (1/5) | +116% |
CIBC World Markets Inc./CIBC Oppenheimer Corp./CIBC Wood Grundy Securities Inc. (3/4) | +112% |
Canaccord Capital Corp. (1/2) | +111% |
J.P. Morgan & Co. (3/5) | +110% |
ING Barings (2/3) | +108% |
Punk Ziegel & Co. (0/2) | +100% |
Nesbitt Burns (2/3) | +98% |
Merrill Lynch/Merrill Lynch Canada (0/3) | +96% |
Chase H&Q (2/10) | +93% |
Schroders & Co. Inc. (0/2) | +82% |
S.G. Cowen & Co. (0/3) | +81% |
Levesque Beaubien Geoffrion Inc. (1/1) | +76% |
Yorkton Securities Inc. (0/1) | +73% |
Raymond James & Associates (0/2) | +69% |
RBC Dominion Securities Inc. 0/2) | +62% |
Dain Rauscher Wessels (0/2) | +59% |
Loewen Ondaatje McCutcheon Ltd. (0/2) | +59% |
Goepel McDermid Inc. (0/1) | +51% |
Credit Suisse First Boston Corp. (2/2) | +46% |
TD Securities Inc. (0/2) | +42% |
Joseph Charles & Associates (1/1) | +41% |
Millennium Financial Group Inc. (0/1) | +41% |
Adams Harkness & Hill (0/1) | +39% |
Robert W. Baird & Co. (0/1) | +39% |
Morgan Stanley Dean Witter (4/4) | +38% |
Brean Murray & Co. Inc. (1/1) | +22% |
Robert Fleming & Co. Ltd. (1/1) | +22% |
HSBC James Capel Canada Inc. (0/2) | +21% |
Pro-Genesis Securities Inc. (1/1) | +19% |
Salomon Smith Barney Inc. (1/1) | +17% |
First Marathon Securities Ltd. (1/1) | -0% |
Leerink Swann & Co. (0/1) | -10% |
Bank J Vontobel & Co. AG (0/1) | -10% |
Legg Mason Wood Walker Inc. (0/1) | -23% |
* 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. | |
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