US IPO underwriters league table, 2024
The most active US IPO underwriters in 2024, ranked by deals led as lead-left underwriter. Goldman Sachs ranks first with 16 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 | 16 | 23 | $5.83B | $576.7M |
| 2 | J.P. Morgan | 11 | 23 | $3.4B | $303.5M |
| 3 | Morgan Stanley | 9 | 24 | $6.94B | $394.6M |
| 4 | Craft Capital | 7 | 8 | $30.8M | $6M |
| 5 | US Tiger | 6 | 8 | $30.1M | $5M |
| 6 | BofA Securities | 5 | 19 | $2.57B | $180.3M |
| 7 | ThinkEquity | 5 | 5 | $25M | $8M |
| 8 | Benchmark | 5 | 5 | $24.6M | $9M |
| 9 | Maxim Group | 4 | 4 | $34.1M | $8.5M |
| 10 | Kingswood | 4 | 5 | $12M | $6M |
| 11 | Jefferies | 3 | 12 | $409.7M | $128.6M |
| 12 | Barclays | 3 | 10 | $367.3M | $183.7M |
| 13 | WestPark | 3 | 3 | $18.3M | $9.2M |
| 14 | EF Hutton | 3 | 6 | $16M | $8M |
| 15 | Dominari | 3 | 3 | $14M | $7M |
| 16 | A.G.P. | 3 | 3 | $6.6M | $6.6M |
| 17 | Citigroup | 2 | 16 | $720M | $360M |
| 18 | Roth Capital | 2 | 3 | $10.3M | $10.3M |
| 19 | Revere | 2 | 4 | $10M | $5M |
| 20 | Newbridge | 2 | 2 | $6.8M | $6.8M |
| 21 | Dawson James | 2 | 2 | $5.1M | $5.1M |
| 22 | Deutsche Bank | 2 | 10 | — | — |
| 23 | UBS | 1 | 12 | $260.4M | $260.4M |
| 24 | CIBC | 1 | 3 | $250.8M | $250.8M |
| 25 | Stifel | 1 | 11 | $215M | $215M |
| 26 | Raymond James | 1 | 8 | $112M | $112M |
| 27 | Piper Sandler | 1 | 6 | $40.7M | $40.7M |
| 28 | Cantor | 1 | 8 | $30M | $30M |
| 29 | Northland | 1 | 2 | $10M | $10M |
| 30 | WallachBeth Capital | 1 | 1 | $8.6M | $8.6M |
| 31 | Spartan Capital | 1 | 2 | $8M | $8M |
| 32 | Eddid | 1 | 1 | $7M | $7M |
| 33 | Brookline | 1 | 2 | $6.4M | $6.4M |
| 34 | Boustead | 1 | 1 | $6.2M | $6.2M |
| 35 | Network 1 | 1 | 1 | $5.4M | $5.4M |
| 36 | Aegis Capital | 1 | 1 | $4.2M | $4.2M |
| 37 | American Capital Partners | 1 | 1 | — | — |
| 38 | Bancroft | 1 | 1 | — | — |
| 39 | China | 1 | 1 | — | — |
| 40 | TD Cowen | 1 | 11 | — | — |
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 120 deals with underwriters on record.
Other tables: US IPO law firms · SPAC IPO underwriters · SPAC IPO law firms
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