Ticker LaunchUS IPO underwriters league table, 2026 to date
The most active US IPO underwriters in 2026, ranked by deals led as lead-left underwriter. Goldman Sachs ranks first with 24 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 | 24 | 33 | $13.69B | $345.6M |
| 2 | J.P. Morgan | 16 | 37 | $6.19B | $330.6M |
| 3 | Morgan Stanley | 9 | 27 | $4.62B | $312.2M |
| 4 | Jefferies | 5 | 25 | $2.19B | $350M |
| 5 | BofA Securities | 5 | 30 | $1.33B | $171M |
| 6 | Cantor | 4 | 17 | $243.1M | $63.3M |
| 7 | Leerink Partners | 3 | 11 | $715M | $357.5M |
| 8 | ThinkEquity | 3 | 3 | $18M | $18M |
| 9 | UBS | 2 | 13 | $200M | $200M |
| 10 | Lucid | 2 | 2 | $140M | $70M |
| 11 | A.G.P. | 2 | 2 | $32.4M | $16.2M |
| 12 | Maxim Group | 2 | 2 | $9.2M | $9.2M |
| 13 | Citigroup | 1 | 23 | $434.3M | $434.3M |
| 14 | Raymond James | 1 | 8 | $200.2M | $200.2M |
| 15 | Stifel | 1 | 16 | $68.8M | $68.8M |
| 16 | BMO Capital Markets | 1 | 7 | $60M | $60M |
| 17 | Oppenheimer | 1 | 8 | $50.8M | $50.8M |
| 18 | American Capital Partners | 1 | 1 | $25M | $25M |
| 19 | Baird | 1 | 15 | $20M | $20M |
| 20 | Bancroft | 1 | 1 | $15M | $15M |
| 21 | China | 1 | 1 | $10M | $10M |
| 22 | Anglo Turbo Partners | 1 | 1 | — | — |
| 23 | Benchmark | 1 | 1 | — | — |
| 24 | Chardan | 1 | 1 | — | — |
| 25 | Deutsche Bank | 1 | 8 | — | — |
| 26 | Joseph Gunnar | 1 | 2 | — | — |
| 27 | Lake Street | 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 92 deals with underwriters on record.
Other tables: US IPO law firms · SPAC IPO underwriters · SPAC IPO law firms
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