Underwriter (Number Of IPOs As Lead/Number of IPOs As Lead Or Comanager) | Gross Proceeds (M) |
Robertson Stephens (2/3)# | $107.6 |
Lehman Brothers (0/3) | $103.6 |
Morgan Stanley, Dean Witter & Co. (2/2) | $80.6 |
Credit Suisse First Boston Corp. (1/1) | $65.7 |
Goldman, Sachs & Co. (1/1) | $58.0 |
Merrill Lynch & Co. (0/1) | $58.0 |
William Blair & Co. (0/1) | $58.0 |
Bear, Stearns & Co. Inc. (1/2) | $53.7 |
Dresdner Kleinwort Benson Ltd. (1/1) | $51.3 |
SBC Warburg Dillon Read Inc. (0/1) | $42.9 |
Nomura International plc (1/1) | $39.5 |
Furman Selz LLC (1/1) | $36.0 |
Deutsche Morgan Grenfell Inc. (0/1) | $36.0 |
Everen Securities Inc. (0/1) | $36.0 |
UBS Securities LLC (1/1) | $33.4 |
Donaldson, Lufkin & Jenrette Securities Corp. (0/1) | $18.9 |
Salomon Smith Barney Inc. (0/1) | $18.9 |
Gruntal & Co. LLC (1/1) | $16.1 |
Raymond James & Associates Inc. (0/1) | $16.0 |
Vector Securities International Inc. (0/1) | $16.0 |
NationsBanc Montgomery Securities LLC (1/1) | $14.6 |
Hambrecht & Quist LLC (0/1) | $14.6 |
Volpe Brown Whelan & Co. (0/1) | $14.6 |
Dirks & Co. Inc. (1/1) |
$11.8 |
Security Capital Trading Inc. (0/1) | $11.8 |
* The offerings in this chart include only those that were completed on U.S. stock exchanges (NASDAQ, NYSE or AMEX) and the London Stock Exchange (LSE).
** After-market performance is expressed as the percent change in stock price between the IPO price and the closing price on 12/31/98. 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.
# Over the course of 1998, Robertson Stephens was affiliated first with BancAmerica and then with BancBoston. The entry in this chart is intended to include both.