Underwriter Rankings*

Top Underwriter - Number of IPOs [full list]
Rank Underwriter Number of IPOs
1 Morgan Stanley 27
2 J.P. Morgan 20
3 Goldman Sachs 17
4 BofA Merrill Lynch 12
5 Citi 11

Top Underwriter - Proceeds Raised [full list]
Rank Underwriter Proceeds Raised
1 Morgan Stanley $9,111.9 mil
2 Goldman Sachs $4,124.7 mil
3 J.P. Morgan $4,090.9 mil
4 BofA Merrill Lynch $2,608.5 mil
5 Citi $1,901.3 mil

Top Underwriter - Average IPO Return [full list]
Rank Underwriter Average Return
1 Jefferies & Co. 27.4 %
2 Deutsche Bank Securities 24.8 %
3 Citi 23.6 %
4 Oppenheimer & Co. 21.7 %
5 J.P. Morgan 20.2 %

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