Underwriter Rankings*

Top Underwriter - Number of IPOs [full list]
Rank Underwriter Number of IPOs
1 Morgan Stanley 21
2 Goldman, Sachs & Co. 19
3 J.P. Morgan 17
4 BofA Merrill Lynch 14
5 Credit Suisse 14

Top Underwriter - Proceeds Raised [full list]
Rank Underwriter Proceeds Raised
1 Morgan Stanley $5,415.5 mil
2 Goldman, Sachs & Co. $5,156.1 mil
3 BofA Merrill Lynch $4,300.7 mil
4 Santander Investment $4,024.9 mil
5 Credit Suisse $3,039.7 mil

Top Underwriter - Average IPO Return [full list]
Rank Underwriter Average Return
1 Broadband Capital 22.9 %
2 Citi 20.2 %
3 Morgan Stanley 14.7 %
4 Credit Suisse 14.6 %
5 UBS Investment Bank 6.0 %

*Note: All rankings are based on data collected by Renaissance Capital over the past 12 months for lead underwriters only.
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