Underwriters' Performance On All IPOs From Jan. 1 To Dec. 31, 2004: Full Credit To All Underwriters, Ranked By After-Market Performance#
Underwriter | After-Market |
WR Hambrecht + Co. (1/1) | +87% |
Punk, Ziegel & Co. (0/1) | +87% |
Merrill Lynch & Co. (2/2) | +65% |
First Albany Capital (0/1) | +63% |
Morgan Stanley & Co. (3/3) | +50% |
Bear, Stearns & Co. (1/3) | +49% |
Needham & Co. (1/3) | +48% |
Citigroup Global Markets (1/2) | +32% |
Deutsche Bank Securities (4/4) | +17% |
Think Equity Partners (0/2) | +17% |
CIBC World Markets (1/6) | +16% |
Credit Suisse First Boston (1/4) | +15% |
Leerink Swann & Co. (0/1) | +14% |
Thomas Weisel Partners (3/8) | +13% |
Harris Nesbitt (0/3) | +13% |
Jefferies & Co. (0/1) | +13% |
Wachovia Capital Markets (0/1) | +13% |
Wells Fargo Securities (0/2) | +11% |
Robert W. Baird & Co. (0/1) | +11% |
JP Morgan Securities (0/1) | +11% |
Goldman Sachs & Co. (4/4) | +4% |
Banc of America Securities (3/5) | +4% |
Piper Jaffray & Co. (6/12) | +3% |
SG Cowen Securities (7/10) | +2% |
Lazard Freres & Co. (1/3) | -4% |
UBS Investment Bank (4/4) | -6% |
Lehman Brothers (3/3) | -8% |
Adams, Harkness & Hill (0/2) | -8% |
Legg Mason Wood Walker (0/4) | -13% |
Pacific Growth Equities (0/1) | -21% |
JMP Securities (0/3) | -23% |
Fortis Securities (0/1) | -24% |
RBC Capital Markets (1/2) | -33% |
# After-market performance is expressed as the percent change in stock price between the offering price and the closing price on 12/31/04. 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. | |