Underwriter (Number Of Offerings As Lead/ Number of Offerings As Lead Or Comanager) |
Gross Proceeds (M) |
Hambrecht & Quist LLC (2/5) |
$218.5 |
Robertson Stephens (4/5)# | $177.3 |
Cowen & Co. (2/3)## | $145.5 |
Bear, Stearns & Co. Inc. (1/3) | $114.1 |
Pacific Growth Equities Inc. (0/2) | $109.9 |
Lehman Brothers (0/3) | $103.6 |
SBC Warburg Dillon Read Inc. (1/2) | $103.3 |
Vector Securities International Inc. (0/3) | $97.1 |
CIBC Oppenheimer Corp. (0/1) | $81.0 |
Morgan Stanley, Dean Witter & Co. (2/2) | $80.6 |
Volpe Brown Whelan & Co. (0/2) | $74.1 |
BT Alex. Brown Inc. (1/1) | $66.1 |
Piper Jaffray Inc. (0/1) | $66.1 |
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 |
Furman Selz LLC (1/2) | $56.7 |
UBS Securities LLC (1/2) | $54.6 |
Dresdner Kleinwort Benson Ltd. (1/1) | $51.3 |
Nomura International plc (1/1) | $39.5 |
Deutsche Morgan Grenfell Inc. (0/1) | $36.0 |
Everen Securities Inc. (0/1) | $36.0 |
J.P. Morgan & Co. (1/1) | $21.2 |
Invemed Associates Inc. (0/1) | $21.2 |
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 |
Nesbitt Burns Inc. (1/1) | $15.3 |
Scotia McLeod Inc. (0/1) | $15.3 |
NationsBanc Montgomery Securities (1/1) | $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.
## Cowen & Co. was acquired by Societe Generale in 6/98 and now goes under the name SG Cowen Securities Corp.