Underwriter(Number Of Offerings As Lead/Number of Offerings As Lead Or Comanager)

Gross Proceeds (M)

Warburg Dillon Read LLC (0/3)

$2,317.0

BancBoston Robertson Stephens (1/3)

$2,216.3

J.P. Morgan & Co. (2/2)

$2,176.0

Goldman, Sachs & Co. (0/1)

$2,134.0

Merrill Lynch & Co. (0/1)

$2,134.0

Deutsche Banc Alex. Brown (1/3)

$246.3

ING Baring Furman Selz LLC (2/3)

$228.1

Nesbitt Burns Inc. (1/2)

$158.8

CIBC Oppenheimer Corp. (1/1)

$138.0

Hambrecht & Quist LLC# (1/3)

$117.2

Prudential Vector Securities (1/2)

$108.4

U.S. Bancorp Piper Jaffray (1/2)

$103.5

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

$88.8

S.G. Cowen Securities Corp. (0/2)

$80.0

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

$62.1

Leerink Swann & Co. (0/1)

$58.5

Schroders Securities Ltd. (0/1)

$58.5

Vontobel Securities Ltd. (0/1)

$58.5

Credit Suisse First Boston Corp. (1/1)

$54.6

Dain Rauscher Wessels (0/1)

$54.6

Legg Mason Wood Walker Inc. (0/1)

$54.6

Lehman Brothers (0/1)

$48.5

Pacific Growth Equities Inc. (0/1)

$48.5

Punk, Ziegel & Co. (0/1)

$46.3

Morgan Stanley & Co. (1/1)

$46.2

Donaldson, Lufkin & Jenrette (1/1)

$45.0

Adams, Harkness & Hill Inc. (0/1)

$42.0

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

$42.0

HSBC James Capel Canada Inc. (0/2)

$25.2

Cruttendon Roth Inc. (1/1)

$23.3

Loewen, Ondaatje, McCutcheon Ltd. (0/2)

$19.7

First Marathon Securities Inc. (1/1)

$13.3

Canaccord Capital Corp. (0/1)

$11.9

TD Securities Inc. (1/1)

$11.9

China Everbright Securities Ltd. (0/1)

$11.5

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

$11.5

Westport Resources Investment Services Inc. (1/1)

$11.5

Levesque Beaubien Geoffrion Inc. (1/1)

$7.8

Notes

*The offerings in this chart include 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-July 1999. Gross proceeds exclude additional funding raised from the excerise of overallotment options

**After-market performance is expressed as the percent-change in stock price between the IPO price and the closing price on 8/25/99. For underwriters with multiple offerings, the after-market performance (as a percent change) was calculated for each stock in the underwriter's "group," the percentage summed, and then averaged. # Hambrecht & Quist LLC acted as placement agent for Ribozyme Pharmaceutical Inc.'s 7/99 follow-on offering.