Ranked By Gross Proceeds | |||
Underwriter | Gross | ||
(Number Of IPOs As Lead/ | Proceeds | ||
Number Of IPOs As Lead Or | (M) | ||
Comanager) | |||
Hambrecht & Quist LLC (3/7) | $207.0 | ||
BT Alex. Brown Inc. (1/3) | $133.8 | ||
Lehman Brothers (3/3) | $113.3 | ||
UBS Securities LLC (2/4) | $112.1 | ||
NationsBanc Montgomery Securities Inc. (1/3) | $102.5 | ||
Merrill Lynch & Co. (1/1) | $101.2 | ||
Donaldson, Lufkin & Jenrette Securities Corp. (0/1) | $101.2 | ||
Morgan Stanley, Dean Witter Discover & Co. (2/2) | $94.1 | ||
BancAmerica Robertson, Stephens (1/3) | $86.7 | ||
Smith Barney Inc. (0/2) | $80.7 | ||
Dresdner Kleinwort Benson Ltd. (1/1) | $67.7 | ||
Vector Securities International Inc. (0/2) | $63.3 | ||
Cowen & Co. (1/2) | $55.2 | ||
Fahnestock & Co. Inc. (0/1) | $48.3 | ||
Invemed Associates Inc. (0/1) | $44.9 | ||
Millennium Financial Group Inc. (0/2) | $36.9 | ||
Pacific Growth Equities Inc. (0/1) | $34.5 | ||
Salomon Brothers Inc. (1/1) | $32.4 | ||
Raymond James & Associates Inc. (0/1) | $30.0 | ||
J.P. Morgan & Co. (0/1) | $22.8 | ||
Paulson Investment Co. Inc. (1/1) | $20.7 | ||
First Colonial Securities Group Inc. (0/1) | $20.7 | ||
Genesis Merchant Group Securities (0/1) | $20.1 | ||
CIBC Oppenheimer Corp. (1/1) | $18.4 | ||
Everen Securities Inc. (1/1) | $18.0 | ||
Principal Financial Securities Inc. (0/1) | $18.0 | ||
Nutmeg Securities Ltd. (1/1) | $16.2 | ||
Wessels, Arnold & Henderson (0/1) | $16.1 | ||
First Marathon Securities Ltd. (1/1) | $15.4 | ||
Goepel Shields & Partners Inc. (0/1) | $15.4 | ||
Midland Walwyn Capital Inc. (0/1) | $15.4 | ||
Sunrise Securities Corp. (1/1) | $14.4 | ||
M.H. Myerson & Co. Inc. (0/1) | $14.4 | ||
National Securities Corp. (1/1) | $7.3 |
* After-market performance is expressed as the percent change in stock price between the IPO price and the closing price on 12/31/97. For underwriters with multiple offerings, the after-market performance (as a percent change) was calculated for each stock in that underwriter's "group," the percentages summed, and then averaged.