Ticker LaunchUS IPO underwriters league table, 2023
The most active US IPO underwriters in 2023, ranked by deals led as lead-left underwriter. Benchmark ranks first with 10 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 | 10 | 13 | $67.7M | $11.6M |
| 2 | Goldman Sachs | 9 | 10 | $7.29B | $576M |
| 3 | Boustead | 8 | 9 | $72M | $7.5M |
| 4 | Barclays | 3 | 9 | $5.1B | $2.55B |
| 5 | J.P. Morgan | 3 | 9 | $621M | $210M |
| 6 | Spartan Capital | 3 | 3 | $25.7M | $6.4M |
| 7 | WestPark | 3 | 3 | $14.3M | $7.2M |
| 8 | Univest | 3 | 4 | $10.3M | $5.2M |
| 9 | BofA Securities | 2 | 10 | $272M | $136M |
| 10 | Jefferies | 2 | 6 | $161.1M | $161.1M |
| 11 | US Tiger | 2 | 4 | $18.9M | $18.9M |
| 12 | Kingswood | 2 | 3 | $15.6M | $7.8M |
| 13 | Prime Number | 2 | 4 | $12.8M | $6.4M |
| 14 | China | 2 | 2 | $10M | $10M |
| 15 | Maxim Group | 2 | 3 | $10M | $5M |
| 16 | Craft Capital | 2 | 2 | $9.9M | $5M |
| 17 | Network 1 | 2 | 2 | $7.6M | $7.6M |
| 18 | Revere | 2 | 5 | $7.5M | $7.5M |
| 19 | ThinkEquity | 2 | 2 | $7.5M | $7.5M |
| 20 | Morgan Stanley | 1 | 6 | $235.8M | $235.8M |
| 21 | Stifel | 1 | 9 | $190M | $190M |
| 22 | Deutsche Bank | 1 | 4 | $62M | $62M |
| 23 | Clarksons | 1 | 1 | $44.8M | $44.8M |
| 24 | Roth Capital | 1 | 1 | $43.2M | $43.2M |
| 25 | CMBI | 1 | 1 | $33.1M | $33.1M |
| 26 | H.C. Wainwright | 1 | 1 | $20M | $20M |
| 27 | R.F. Lafferty | 1 | 4 | $10.5M | $10.5M |
| 28 | Aegis Capital | 1 | 1 | $8.8M | $8.8M |
| 29 | WallachBeth Capital | 1 | 1 | $8.4M | $8.4M |
| 30 | Laidlaw | 1 | 1 | $7M | $7M |
| 31 | EF Hutton | 1 | 1 | $5M | $5M |
| 32 | Titan Partners | 1 | 1 | $5M | $5M |
| 33 | Citigroup | 1 | 9 | — | — |
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 78 deals with underwriters on record.
Other tables: US IPO law firms · SPAC IPO underwriters · SPAC IPO law firms
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