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 83 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 | 83 | 126 | $39.65B | $411.5M |
| 2 | J.P. Morgan | 40 | 115 | $9.38B | $200M |
| 3 | Morgan Stanley | 39 | 92 | $24.96B | $301.4M |
| 4 | BofA Securities | 32 | 112 | $5.72B | $165.8M |
| 5 | Maxim Group | 17 | 21 | $285.5M | $14.7M |
| 6 | Jefferies | 16 | 67 | $1.88B | $122.5M |
| 7 | Benchmark | 15 | 24 | $307.9M | $13.6M |
| 8 | ThinkEquity | 13 | 13 | $192.2M | $18M |
| 9 | Roth Capital | 11 | 20 | $200.9M | $23M |
| 10 | Citigroup | 9 | 59 | $3.3B | $301M |
| 11 | Kingswood | 6 | 6 | $112M | $16M |
| 12 | Boustead | 6 | 7 | $99.6M | $15M |
| 13 | Barclays | 4 | 62 | $568.8M | $284.4M |
| 14 | B. Riley | 4 | 8 | $203.7M | $51.7M |
| 15 | Stifel | 4 | 44 | $143.3M | $71.7M |
| 16 | Credit Suisse | 3 | 57 | $647.2M | $323.6M |
| 17 | H.C. Wainwright | 3 | 7 | $135.1M | $25M |
| 18 | Piper Sandler | 3 | 73 | $132.5M | $66.2M |
| 19 | TD Cowen | 3 | 54 | $96M | $96M |
| 20 | Aegis Capital | 3 | 3 | $57.7M | $16.6M |
| 21 | Spartan Capital | 3 | 3 | $10.3M | $10.3M |
| 22 | UBS | 2 | 50 | $1.19B | $592.5M |
| 23 | Oppenheimer | 2 | 26 | $100M | $100M |
| 24 | A.G.P. | 2 | 2 | $8M | $8M |
| 25 | HSBC | 1 | 13 | $275M | $275M |
| 26 | Leerink Partners | 1 | 22 | $190M | $190M |
| 27 | Wells Fargo | 1 | 32 | $136.8M | $136.8M |
| 28 | RBC Capital Markets | 1 | 38 | $128.6M | $128.6M |
| 29 | Cantor | 1 | 8 | $70M | $70M |
| 30 | Canaccord Genuity | 1 | 27 | $60M | $60M |
| 31 | Deutsche Bank | 1 | 22 | $50M | $50M |
| 32 | Craig-Hallum | 1 | 1 | $43.2M | $43.2M |
| 33 | BTIG | 1 | 17 | $40M | $40M |
| 34 | William Blair | 1 | 70 | $40M | $40M |
| 35 | Craft Capital | 1 | 1 | $25M | $25M |
| 36 | EF Hutton | 1 | 1 | $24M | $24M |
| 37 | Dawson James | 1 | 3 | $21.6M | $21.6M |
| 38 | Joseph Gunnar | 1 | 4 | $12M | $12M |
| 39 | ViewTrade | 1 | 1 | $11.2M | $11.2M |
| 40 | US Tiger | 1 | 14 | $11M | $11M |
| 41 | WallachBeth Capital | 1 | 1 | $6.6M | $6.6M |
| 42 | Alexander Capital | 1 | 1 | — | — |
| 43 | Chardan | 1 | 3 | — | — |
| 44 | Evercore ISI | 1 | 30 | — | — |
| 45 | Huatai | 1 | 2 | — | — |
| 46 | Lake Street | 1 | 3 | — | — |
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 345 deals with underwriters on record.
Other tables: US IPO law firms · SPAC IPO underwriters · SPAC IPO law firms
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