US IPO underwriters league table, 2019
The most active US IPO underwriters in 2019, ranked by deals led as lead-left underwriter. Goldman Sachs ranks first with 27 deals.
All years 2026 2025 2024 2023 2022 2021 2020 2019
| # | Firm | Deals as lead-left | Deals in any role | Proceeds of deals led | Median deal led |
|---|---|---|---|---|---|
| 1 | Goldman Sachs | 27 | 46 | $13.16B | $216.1M |
| 2 | Morgan Stanley | 23 | 42 | $14.94B | $220.1M |
| 3 | J.P. Morgan | 20 | 43 | $6.09B | $167.6M |
| 4 | Credit Suisse | 9 | 32 | $2.26B | $207.9M |
| 5 | Citigroup | 8 | 31 | $1.08B | $99.6M |
| 6 | Leerink Partners | 6 | 15 | $670.1M | $74M |
| 7 | Jefferies | 6 | 27 | $552.5M | $80.2M |
| 8 | Barclays | 5 | 24 | $845.3M | $84.4M |
| 9 | Raymond James | 4 | 15 | $228.7M | $60.1M |
| 10 | Maxim Group | 4 | 7 | $44.3M | $11M |
| 11 | BofA Securities | 3 | 11 | $269.9M | $84.9M |
| 12 | Stifel | 3 | 23 | $237.3M | $76.5M |
| 13 | CICC | 2 | 9 | $166.9M | $83.5M |
| 14 | Roth Capital | 2 | 7 | $72.8M | $36.4M |
| 15 | Oppenheimer | 2 | 12 | $69.8M | $34.9M |
| 16 | Cantor | 2 | 3 | $57.5M | $28.8M |
| 17 | Benchmark | 2 | 2 | $9.6M | $4.8M |
| 18 | Deutsche Bank | 1 | 13 | $179.4M | $179.4M |
| 19 | Loop Capital | 1 | 4 | $174M | $174M |
| 20 | TD Cowen | 1 | 20 | $102M | $102M |
| 21 | National | 1 | 3 | $89.1M | $89.1M |
| 22 | Boustead | 1 | 2 | $61.9M | $61.9M |
| 23 | UBS | 1 | 21 | $43.8M | $43.8M |
| 24 | BMO Capital Markets | 1 | 11 | $40.6M | $40.6M |
| 25 | B. Riley | 1 | 3 | $35M | $35M |
| 26 | FIG Partners | 1 | 1 | $27M | $27M |
| 27 | Northland | 1 | 2 | $25M | $25M |
| 28 | Network 1 | 1 | 1 | $24M | $24M |
| 29 | A.G.P. | 1 | 2 | $20M | $20M |
| 30 | Aegis Capital | 1 | 1 | $15M | $15M |
| 31 | ThinkEquity | 1 | 1 | $11.5M | $11.5M |
| 32 | ViewTrade | 1 | 2 | $8M | $8M |
| 33 | WestPark | 1 | 2 | $7.2M | $7.2M |
| 34 | Laidlaw | 1 | 1 | $7M | $7M |
| 35 | WallachBeth Capital | 1 | 1 | $5M | $5M |
| 36 | Dawson James | 1 | 2 | $4.4M | $4.4M |
Lead-left is the first bank named on the final prospectus cover; proceeds (base deal, before the over-allotment) are credited in full to that bank. "Any role" counts every bank on the cover. Based on the 147 deals with underwriters on record.
Other tables: US IPO law firms · SPAC IPO underwriters · SPAC IPO law firms
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