Ticker LaunchUS IPO underwriters league table, 2021
The most active US IPO underwriters in 2021, ranked by deals led as lead-left underwriter. Goldman Sachs ranks first with 84 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 | 84 | 134 | $48.62B | $367.5M |
| 2 | Morgan Stanley | 55 | 118 | $40.2B | $306.1M |
| 3 | J.P. Morgan | 40 | 126 | $14.36B | $240.6M |
| 4 | BofA Securities | 40 | 120 | $12.45B | $167.9M |
| 5 | Maxim Group | 19 | 23 | $322M | $14.7M |
| 6 | Jefferies | 17 | 74 | $2.18B | $120M |
| 7 | Benchmark | 16 | 26 | $324.4M | $14.3M |
| 8 | ThinkEquity | 13 | 13 | $279.9M | $18M |
| 9 | Roth Capital | 11 | 20 | $284.9M | $23.6M |
| 10 | Citigroup | 9 | 61 | $3.59B | $217.5M |
| 11 | Barclays | 7 | 65 | $2.15B | $270M |
| 12 | Boustead | 7 | 8 | $129.2M | $15M |
| 13 | Network 1 | 6 | 7 | $133.9M | $23M |
| 14 | Kingswood | 6 | 6 | $122M | $15.5M |
| 15 | Stifel | 4 | 46 | $284.5M | $70.6M |
| 16 | B. Riley | 4 | 8 | $248.9M | $48.4M |
| 17 | Credit Suisse | 3 | 57 | $1.17B | $422.2M |
| 18 | TD Cowen | 3 | 59 | $431.5M | $160M |
| 19 | Piper Sandler | 3 | 73 | $217.6M | $85M |
| 20 | H.C. Wainwright | 3 | 7 | $135.1M | $25M |
| 21 | Univest | 3 | 3 | $70M | $25M |
| 22 | Aegis Capital | 3 | 3 | $57.7M | $16.6M |
| 23 | Spartan Capital | 3 | 3 | $44.8M | $12.5M |
| 24 | UBS | 2 | 50 | $1.19B | $592.5M |
| 25 | Leerink Partners | 2 | 25 | $270M | $135M |
| 26 | Oppenheimer | 2 | 26 | $130M | $65M |
| 27 | EF Hutton | 2 | 2 | $42M | $21M |
| 28 | A.G.P. | 2 | 2 | $20M | $10M |
| 29 | ViewTrade | 2 | 2 | $17.2M | $8.6M |
| 30 | HSBC | 1 | 13 | $275M | $275M |
| 31 | Solaris | 1 | 1 | $229.4M | $229.4M |
| 32 | Wells Fargo | 1 | 32 | $136.8M | $136.8M |
| 33 | RBC Capital Markets | 1 | 38 | $128.6M | $128.6M |
| 34 | Citizens JMP | 1 | 23 | $100M | $100M |
| 35 | Cantor | 1 | 8 | $70M | $70M |
| 36 | Canaccord Genuity | 1 | 27 | $60M | $60M |
| 37 | Deutsche Bank | 1 | 23 | $50M | $50M |
| 38 | Craig-Hallum | 1 | 1 | $43.2M | $43.2M |
| 39 | BTIG | 1 | 17 | $40M | $40M |
| 40 | William Blair | 1 | 70 | $40M | $40M |
| 41 | Chardan | 1 | 3 | $34.5M | $34.5M |
| 42 | Craft Capital | 1 | 1 | $25M | $25M |
| 43 | WestPark | 1 | 2 | $25M | $25M |
| 44 | Dawson James | 1 | 3 | $21.6M | $21.6M |
| 45 | Evercore ISI | 1 | 33 | $20M | $20M |
| 46 | Alexander Capital | 1 | 1 | $15M | $15M |
| 47 | Joseph Gunnar | 1 | 4 | $12M | $12M |
| 48 | US Tiger | 1 | 14 | $11M | $11M |
| 49 | Lake Street | 1 | 3 | $9.6M | $9.6M |
| 50 | WallachBeth Capital | 1 | 1 | $6.6M | $6.6M |
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 393 deals with underwriters on record.
Other tables: US IPO law firms · SPAC IPO underwriters · SPAC IPO law firms
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