Ticker LaunchUS IPO underwriters league table, 2026 to date
The most active US IPO underwriters in 2026, ranked by deals led as lead-left underwriter. Goldman Sachs ranks first with 25 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 | 25 | 34 | $16.24B | $345.6M |
| 2 | J.P. Morgan | 17 | 40 | $8.37B | $324.2M |
| 3 | Morgan Stanley | 10 | 30 | $5.22B | $426.1M |
| 4 | BofA Securities | 6 | 31 | $102.84B | $516M |
| 5 | Jefferies | 5 | 25 | $2.19B | $350M |
| 6 | Cantor | 4 | 17 | $337.4M | $78.8M |
| 7 | UBS | 3 | 14 | $6.2B | $446.2M |
| 8 | Leerink Partners | 3 | 14 | $747.7M | $45M |
| 9 | ThinkEquity | 3 | 3 | $95.4M | $18M |
| 10 | Benchmark | 3 | 3 | $39M | $19.5M |
| 11 | Lucid | 2 | 2 | $140M | $70M |
| 12 | A.G.P. | 2 | 2 | $32.4M | $16.2M |
| 13 | Maxim Group | 2 | 2 | $12.7M | $6.4M |
| 14 | Citigroup | 1 | 26 | $434.3M | $434.3M |
| 15 | RBC Capital Markets | 1 | 18 | $289M | $289M |
| 16 | Raymond James | 1 | 8 | $200.2M | $200.2M |
| 17 | JonesTrading Institutional Services | 1 | 1 | $81.2M | $81.2M |
| 18 | Stifel | 1 | 16 | $68.8M | $68.8M |
| 19 | BMO Capital Markets | 1 | 7 | $60M | $60M |
| 20 | Deutsche Bank | 1 | 8 | $51M | $51M |
| 21 | Oppenheimer | 1 | 8 | $50.8M | $50.8M |
| 22 | American Capital Partners | 1 | 1 | $25M | $25M |
| 23 | Baird | 1 | 15 | $20M | $20M |
| 24 | Dominari | 1 | 1 | $15.5M | $15.5M |
| 25 | Bancroft | 1 | 1 | $15M | $15M |
| 26 | Joseph Gunnar | 1 | 2 | $15M | $15M |
| 27 | Lake Street | 1 | 2 | $15M | $15M |
| 28 | China | 1 | 1 | $10M | $10M |
| 29 | Anglo Turbo Partners | 1 | 1 | — | — |
| 30 | Chardan | 1 | 1 | — | — |
| 31 | Guggenheim | 1 | 17 | — | — |
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 103 deals with underwriters on record.
Other tables: US IPO law firms · SPAC IPO underwriters · SPAC IPO law firms
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