Ticker LaunchUS IPO underwriters league table, 2022
The most active US IPO underwriters in 2022, ranked by deals led as lead-left underwriter. Benchmark ranks first with 11 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 | Benchmark | 11 | 15 | $134M | $11.8M |
| 2 | Aegis Capital | 9 | 9 | $114.4M | $15.5M |
| 3 | ThinkEquity | 9 | 9 | $93.6M | $11.1M |
| 4 | Maxim Group | 8 | 8 | $44.2M | $6.7M |
| 5 | Boustead | 6 | 6 | $61M | $10M |
| 6 | J.P. Morgan | 4 | 7 | $1.49B | $288M |
| 7 | Craft Capital | 4 | 4 | $25.9M | $7.9M |
| 8 | Morgan Stanley | 3 | 7 | $728M | $364M |
| 9 | Goldman Sachs | 3 | 6 | $390M | $195M |
| 10 | EF Hutton | 3 | 4 | $21.5M | $8M |
| 11 | BofA Securities | 2 | 8 | $231.8M | $115.9M |
| 12 | B. Riley | 2 | 2 | $70M | $35M |
| 13 | Network 1 | 2 | 3 | $37.6M | $18.8M |
| 14 | Roth Capital | 2 | 4 | $13.1M | $13.1M |
| 15 | H.C. Wainwright | 2 | 3 | $6M | $6M |
| 16 | Jefferies | 1 | 5 | $94.4M | $94.4M |
| 17 | TD Cowen | 1 | 4 | $69M | $69M |
| 18 | Univest | 1 | 1 | $40M | $40M |
| 19 | Chardan | 1 | 1 | $15.2M | $15.2M |
| 20 | Paulson | 1 | 1 | $15M | $15M |
| 21 | Alexander Capital | 1 | 2 | $11M | $11M |
| 22 | Spartan Capital | 1 | 2 | $7M | $7M |
| 23 | WestPark | 1 | 1 | $6M | $6M |
| 24 | Revere | 1 | 1 | $5M | $5M |
| 25 | Northland | 1 | 2 | $4M | $4M |
| 26 | BMO Capital Markets | 1 | 2 | — | — |
| 27 | Laidlaw | 1 | 1 | — | — |
| 28 | Stephens | 1 | 2 | — | — |
| 29 | US Tiger | 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 84 deals with underwriters on record.
Other tables: US IPO law firms · SPAC IPO underwriters · SPAC IPO law firms
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