Underwriter Rankings*

Top Underwriter - Number of IPOs [full list]
Rank Underwriter Number of IPOs
1 Morgan Stanley 12
2 Credit Suisse 11
3 J.P. Morgan 11
4 BofA Merrill Lynch 9
5 Goldman Sachs 9

Top Underwriter - Proceeds Raised [full list]
Rank Underwriter Proceeds Raised
1 BofA Merrill Lynch $4,240.9 mil
2 Santander Investment $4,024.9 mil
3 Morgan Stanley $3,528.6 mil
4 Goldman Sachs $3,376.8 mil
5 Credit Suisse $2,540.0 mil

Top Underwriter - Average IPO Return [full list]
Rank Underwriter Average Return
1 Broadband Capital 52.5 %
2 Piper Jaffray 40.6 %
3 Roth Capital 33.3 %
4 Credit Suisse 32.0 %
5 Merrill Lynch 29.9 %

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