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 39 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 | 39 | 58 | $20.62B | $403.4M |
| 2 | J.P. Morgan | 23 | 43 | $5.1B | $205.1M |
| 3 | BofA Securities | 19 | 59 | $3.29B | $152M |
| 4 | Morgan Stanley | 14 | 44 | $9.86B | $386.9M |
| 5 | Jefferies | 11 | 41 | $1.21B | $107.7M |
| 6 | ThinkEquity | 8 | 9 | $117M | $15M |
| 7 | Credit Suisse | 6 | 39 | $1.26B | $483M |
| 8 | Maxim Group | 6 | 8 | $66.3M | $12.6M |
| 9 | Roth Capital | 5 | 10 | $83M | $19.6M |
| 10 | Benchmark | 5 | 9 | $39.3M | $15M |
| 11 | Barclays | 4 | 25 | $2.79B | $557.4M |
| 12 | Citigroup | 4 | 28 | $345M | $345M |
| 13 | Wells Fargo | 3 | 16 | $416.8M | $97.5M |
| 14 | B. Riley | 3 | 4 | $345.9M | $54.2M |
| 15 | Dawson James | 3 | 3 | $37.9M | $11M |
| 16 | Aegis Capital | 3 | 5 | $28.4M | $7M |
| 17 | TD Cowen | 2 | 24 | $379.5M | $189.8M |
| 18 | Piper Sandler | 2 | 24 | $100M | $100M |
| 19 | Ladenburg Thalmann | 2 | 3 | $20M | $20M |
| 20 | Craig-Hallum | 2 | 5 | $19.2M | $19.2M |
| 21 | Loop Capital | 2 | 10 | — | — |
| 22 | BTIG | 1 | 11 | $325.6M | $325.6M |
| 23 | Blackstone Partners | 1 | 1 | $190M | $190M |
| 24 | Evercore ISI | 1 | 25 | $183M | $183M |
| 25 | BMO Capital Markets | 1 | 16 | $150M | $150M |
| 26 | Leerink Partners | 1 | 14 | $90M | $90M |
| 27 | Canaccord Genuity | 1 | 12 | $58.3M | $58.3M |
| 28 | Raymond James | 1 | 9 | $55.4M | $55.4M |
| 29 | CICC | 1 | 7 | $55.1M | $55.1M |
| 30 | Oppenheimer | 1 | 9 | $30M | $30M |
| 31 | Laidlaw | 1 | 2 | $15M | $15M |
| 32 | Network 1 | 1 | 1 | $12M | $12M |
| 33 | ViewTrade | 1 | 3 | $12M | $12M |
| 34 | Arcadia | 1 | 1 | $7.8M | $7.8M |
| 35 | Cantor | 1 | 8 | — | — |
| 36 | Citizens JMP | 1 | 14 | — | — |
| 37 | I-Bankers | 1 | 1 | — | — |
| 38 | Stephens | 1 | 1 | — | — |
| 39 | Stifel | 1 | 25 | — | — |
| 40 | WestPark | 1 | 2 | — | — |
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 185 deals with underwriters on record.
Other tables: US IPO law firms · SPAC IPO underwriters · SPAC IPO law firms
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