Ticker LaunchUS IPO underwriters league table, 2020
The most active US IPO underwriters in 2020, ranked by deals led as lead-left underwriter. Goldman Sachs ranks first with 40 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 | 40 | 63 | $27.66B | $352.9M |
| 2 | BofA Securities | 25 | 66 | $7.39B | $158.8M |
| 3 | Morgan Stanley | 23 | 59 | $14.38B | $318.9M |
| 4 | J.P. Morgan | 23 | 48 | $5.79B | $201.1M |
| 5 | Jefferies | 11 | 47 | $1.99B | $107.7M |
| 6 | ThinkEquity | 8 | 9 | $141M | $15.3M |
| 7 | Credit Suisse | 6 | 40 | $3.1B | $369.5M |
| 8 | Roth Capital | 6 | 11 | $128.9M | $19.6M |
| 9 | Maxim Group | 6 | 8 | $78.3M | $12.6M |
| 10 | Barclays | 5 | 26 | $3.01B | $350M |
| 11 | Citigroup | 5 | 31 | $681.7M | $145.8M |
| 12 | Benchmark | 5 | 9 | $380.4M | $18M |
| 13 | B. Riley | 4 | 5 | $370.7M | $45.7M |
| 14 | Wells Fargo | 3 | 16 | $416.8M | $97.5M |
| 15 | Piper Sandler | 3 | 25 | $382.8M | $100M |
| 16 | Loop Capital | 3 | 11 | $216.4M | $84.8M |
| 17 | Dawson James | 3 | 3 | $37.9M | $11M |
| 18 | Aegis Capital | 3 | 5 | $28.4M | $7M |
| 19 | TD Cowen | 2 | 25 | $379.5M | $189.8M |
| 20 | BMO Capital Markets | 2 | 17 | $352M | $176M |
| 21 | Raymond James | 2 | 10 | $150.4M | $75.2M |
| 22 | Ladenburg Thalmann | 2 | 3 | $59M | $29.5M |
| 23 | Craig-Hallum | 2 | 5 | $48.4M | $24.2M |
| 24 | Boustead | 2 | 2 | $38M | $19M |
| 25 | ViewTrade | 2 | 4 | $32.3M | $16.1M |
| 26 | BTIG | 1 | 11 | $325.6M | $325.6M |
| 27 | Blackstone Partners | 1 | 1 | $190M | $190M |
| 28 | Evercore ISI | 1 | 25 | $183M | $183M |
| 29 | Cantor | 1 | 8 | $165.2M | $165.2M |
| 30 | Leerink Partners | 1 | 16 | $90M | $90M |
| 31 | Stifel | 1 | 26 | $81.7M | $81.7M |
| 32 | Citizens JMP | 1 | 14 | $70M | $70M |
| 33 | Canaccord Genuity | 1 | 12 | $58.3M | $58.3M |
| 34 | Stephens | 1 | 1 | $57.4M | $57.4M |
| 35 | CICC | 1 | 7 | $55.1M | $55.1M |
| 36 | I-Bankers | 1 | 1 | $36.2M | $36.2M |
| 37 | Oppenheimer | 1 | 9 | $30M | $30M |
| 38 | Laidlaw | 1 | 2 | $15M | $15M |
| 39 | Network 1 | 1 | 1 | $12M | $12M |
| 40 | Arcadia | 1 | 1 | $7.8M | $7.8M |
| 41 | WestPark | 1 | 2 | $5.7M | $5.7M |
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 212 deals with underwriters on record.
Other tables: US IPO law firms · SPAC IPO underwriters · SPAC IPO law firms
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