IPO registrations (S-1, F-1) · Registrants
IPO underwriters
The investment banks named as underwriters in the final prospectus of every priced offering here, ranked by the gross proceeds of the deals they were on. A deal counts once for every firm in its underwriting syndicate; “as lead” counts the representatives or book-running managers named on the cover.
| # | Firm | Deals | As lead | IPOs | Proceeds of deals | Proceeds as lead | Years | Registered |
|---|---|---|---|---|---|---|---|---|
| 1 | Goldman Sachs | 92 | 80 | 90 | $217,952,819,316 | $196,452,602,693 | 2012–2026 | |
| 2 | J.P. Morgan | 97 | 80 | 94 | $209,712,332,283 | $181,768,318,376 | 2012–2026 | |
| 3 | Morgan Stanley | 88 | 76 | 85 | $209,447,551,575 | $199,999,854,082 | 2012–2026 | |
| 4 | Citigroup | 76 | 33 | 76 | $180,934,161,995 | $114,178,198,179 | 2012–2026 | |
| 5 | Barclays | 51 | 14 | 49 | $179,823,238,949 | $15,748,956,830 | 2012–2026 | |
| 6 | Deutsche Bank | 47 | 9 | 47 | $177,210,555,388 | $23,505,366,548 | 2012–2026 | |
| 7 | BofA Securities | 75 | 38 | 72 | $169,783,389,641 | $99,225,992,871 | 2012–2026 | Broker-dealer |
| 8 | Mizuho | 36 | 4 | 35 | $167,636,100,274 | $8,835,291,141 | 2014–2026 | |
| 9 | Wells Fargo | 38 | 5 | 38 | $158,201,275,927 | $4,765,262,316 | 2012–2026 | |
| 10 | Stifel | 69 | 18 | 68 | $155,634,205,514 | $3,517,701,219 | 2012–2026 | |
| 11 | RBC Capital Markets | 46 | 10 | 44 | $150,546,741,699 | $6,087,023,317 | 2012–2026 | Broker-dealer |
| 12 | Raymond James | 36 | 6 | 35 | $150,265,734,206 | $967,899,998 | 2012–2026 | |
| 13 | William Blair | 49 | 7 | 49 | $134,971,666,651 | $1,449,252,669 | 2012–2026 | |
| 14 | Needham & Company | 34 | 4 | 34 | $113,316,934,139 | $3,345,085,000 | 2019–2026 | Broker-dealer |
| 15 | Macquarie | 9 | 0 | 9 | $109,461,882,273 | - | 2012–2026 | |
| 16 | UBS | 35 | 15 | 35 | $108,847,028,396 | $4,874,355,950 | 2020–2026 | |
| 17 | Santander | 35 | 20 | 35 | $103,512,616,244 | $4,189,409,426 | 2021–2026 | |
| 18 | Cantor Fitzgerald | 86 | 68 | 84 | $102,433,905,920 | $16,284,384,278 | 2024–2026 | |
| 19 | Societe Generale | 17 | 1 | 17 | $101,432,405,725 | $728,000,000 | 2023–2026 | |
| 20 | ING | 9 | 5 | 9 | $84,620,395,327 | $75,575,599,925 | 2025–2026 | |
| 21 | BTG Pactual | 5 | 1 | 4 | $76,258,711,785 | $405,169,600 | 2025–2026 | |
| 22 | Mirae Asset Securities | 1 | 0 | 1 | $74,999,999,925 | - | 2026 | |
| 23 | Loop Capital Markets | 26 | 0 | 26 | $66,406,120,454 | - | 2012–2026 | Broker-dealer |
| 24 | Piper Sandler | 50 | 17 | 48 | $64,495,762,468 | $2,614,053,484 | 2012–2026 | |
| 25 | Cowen | 35 | 0 | 33 | $62,015,689,432 | - | 2012–2026 | |
| 26 | Academy Securities | 27 | 0 | 26 | $54,473,190,248 | - | 2019–2026 | Broker-dealer |
| 27 | Evercore | 44 | 14 | 44 | $54,029,087,994 | $4,788,661,391 | 2014–2026 | |
| 28 | BMO Capital Markets | 24 | 4 | 24 | $53,588,353,192 | $1,270,999,400 | 2012–2026 | Broker-dealer |
| 29 | Siebert Williams Shank | 11 | 0 | 11 | $52,070,448,327 | - | 2012–2026 | |
| 30 | Jefferies | 70 | 48 | 68 | $51,844,112,621 | $24,378,075,027 | 2020–2026 | Broker-dealer |
| 31 | Truist Securities | 26 | 2 | 25 | $50,629,603,297 | $318,000,000 | 2014–2026 | Broker-dealer |
| 32 | Nomura | 30 | 1 | 30 | $46,809,163,740 | $434,285,717 | 2021–2026 | |
| 33 | BNP Paribas | 17 | 0 | 15 | $46,765,331,060 | - | 2014–2026 | |
| 34 | Allen & Company | 8 | 2 | 8 | $45,476,491,704 | $2,092,757,116 | 2012–2026 | Broker-dealer |
| 35 | Credit Suisse | 4 | 1 | 4 | $44,624,092,278 | $21,767,214,800 | 2012–2020 | |
| 36 | Oppenheimer | 24 | 3 | 23 | $43,578,343,768 | $341,462,500 | 2012–2026 | |
| 37 | BTIG | 69 | 42 | 67 | $40,407,316,791 | $8,095,700,000 | 2019–2026 | Broker-dealer |
| 38 | Baird | 28 | 3 | 28 | $39,203,814,105 | $626,312,779 | 2020–2026 | |
| 39 | C.L. King & Associates | 6 | 0 | 6 | $38,829,047,056 | - | 2012–2026 | Broker-dealer |
| 40 | Blaylock Van | 5 | 0 | 5 | $38,185,877,456 | - | 2012–2025 | Broker-dealer |
| 41 | Guggenheim Securities | 36 | 13 | 35 | $37,470,598,255 | $2,539,291,520 | 2023–2026 | Broker-dealer |
| 42 | HSBC | 6 | 0 | 6 | $37,083,453,960 | - | 2014–2025 | |
| 43 | Wolfe Research | 29 | 1 | 29 | $34,875,163,740 | $434,285,717 | 2023–2026 | |
| 44 | Ramirez & Co. | 10 | 0 | 10 | $34,069,319,686 | - | 2020–2026 | |
| 45 | KeyBanc Capital Markets | 18 | 1 | 18 | $31,161,735,675 | $312,195,136 | 2020–2026 | Broker-dealer |
| 46 | CastleOak Securities | 5 | 0 | 5 | $29,382,047,078 | - | 2012–2026 | Broker-dealer |
| 47 | Cabrera Capital Markets | 4 | 0 | 4 | $28,867,877,370 | - | 2012–2026 | Broker-dealer |
| 48 | Samuel A. Ramirez & Company, Inc | 5 | 0 | 5 | $28,475,377,478 | - | 2012–2024 | Broker-dealer |
| 49 | Wedbush Securities | 14 | 0 | 14 | $28,026,576,050 | - | 2020–2026 | Broker-dealer |
| 50 | MUFG | 12 | 0 | 11 | $26,714,081,346 | - | 2023–2026 | |
| 51 | JMP Securities | 15 | 0 | 15 | $26,234,835,404 | - | 2019–2026 | Broker-dealer |
| 52 | Tigress Financial Partners | 8 | 0 | 8 | $24,446,369,689 | - | 2020–2026 | Broker-dealer |
| 53 | Credit Suisse Securities (USA) LLC | 3 | 0 | 3 | $22,856,877,478 | - | 2012–2020 | Broker-dealer |
| 54 | Canaccord Genuity | 22 | 0 | 21 | $22,478,537,228 | - | 2019–2026 | Broker-dealer |
| 55 | CICC | 6 | 4 | 6 | $22,445,373,748 | $267,007,200 | 2014–2026 | |
| 56 | CLSA | 3 | 1 | 3 | $21,853,464,800 | $66,000,000 | 2014–2024 | |
| 57 | BOCI | 1 | 0 | 1 | $21,767,214,800 | - | 2014 | |
| 58 | DBS Bank | 1 | 0 | 1 | $21,767,214,800 | - | 2014 | |
| 59 | Pacific Crest | 1 | 0 | 1 | $21,767,214,800 | - | 2014 | |
| 60 | Rosenblatt Securities | 12 | 0 | 11 | $20,304,398,726 | - | 2021–2026 | Broker-dealer |
| 61 | TD Securities | 30 | 17 | 29 | $19,808,184,856 | $5,803,648,204 | 2024–2026 | |
| 62 | Mischler Financial Group | 4 | 0 | 4 | $18,909,000,086 | - | 2019–2025 | Broker-dealer |
| 63 | Merrill Lynch | 2 | 1 | 2 | $16,266,877,370 | $260,000,000 | 2012–2024 | |
| 64 | Citizens | 23 | 2 | 22 | $16,222,461,395 | $318,000,000 | 2024–2026 | |
| 65 | Muriel Siebert & Co. | 2 | 0 | 2 | $16,206,877,370 | - | 2012–2025 | Broker-dealer |
| 66 | E*TRADE Securities LLC | 1 | 0 | 1 | $16,006,877,370 | - | 2012 | Broker-dealer |
| 67 | Itaú BBA USA Securities, Inc | 1 | 0 | 1 | $16,006,877,370 | - | 2012 | |
| 68 | Lazard | 1 | 0 | 1 | $16,006,877,370 | - | 2012 | |
| 69 | Lebenthal & Co., LLC | 1 | 0 | 1 | $16,006,877,370 | - | 2012 | Broker-dealer |
| 70 | M.R. Beal & Company | 1 | 0 | 1 | $16,006,877,370 | - | 2012 | |
| 71 | Pacific Crest Securities LLC | 1 | 0 | 1 | $16,006,877,370 | - | 2012 | Broker-dealer |
| 72 | Credit Agricole CIB | 5 | 0 | 5 | $14,638,495,424 | - | 2023–2026 | |
| 73 | Drexel Hamilton | 10 | 0 | 10 | $14,320,582,077 | - | 2024–2026 | Broker-dealer |
| 74 | Intesa Sanpaolo | 4 | 0 | 4 | $13,696,454,837 | - | 2023–2026 | |
| 75 | Leerink Partners | 27 | 24 | 27 | $11,602,688,297 | $4,683,188,319 | 2024–2026 | Broker-dealer |
| 76 | Rothschild & Co | 8 | 0 | 7 | $11,578,411,179 | - | 2025–2026 | |
| 77 | Amerivet Securities | 7 | 0 | 7 | $10,409,819,594 | - | 2024–2026 | Broker-dealer |
| 78 | Rothschild & Co US Inc | 5 | 0 | 5 | $10,099,984,243 | - | 2024–2026 | Broker-dealer |
| 79 | KBW | 22 | 8 | 21 | $9,877,520,418 | $1,671,347,600 | 2024–2026 | |
| 80 | SMBC Nikko | 7 | 0 | 6 | $9,807,626,792 | - | 2023–2026 | |
| 81 | Capital One Securities | 13 | 1 | 13 | $9,548,560,845 | $150,000,000 | 2020–2026 | Broker-dealer |
| 82 | R. Seelaus & Co. | 6 | 0 | 6 | $9,419,319,578 | - | 2024–2026 | Broker-dealer |
| 83 | TPG Capital BD | 2 | 0 | 2 | $9,114,999,994 | - | 2019–2025 | Broker-dealer |
| 84 | Blackstone Capital Markets | 4 | 0 | 4 | $8,429,999,981 | - | 2025–2026 | |
| 85 | SMBC | 1 | 0 | 1 | $8,100,000,000 | - | 2019 | |
| 86 | Craig-Hallum | 8 | 2 | 6 | $7,756,436,212 | $24,317,502 | 2024–2026 | |
| 87 | Natixis | 3 | 0 | 3 | $7,500,295,424 | - | 2023–2026 | |
| 88 | Pnc Capital Markets Llc | 9 | 0 | 8 | $7,455,604,268 | - | 2024–2026 | Broker-dealer |
| 89 | Blackstone Securities Partners L.P | 2 | 0 | 2 | $7,264,999,981 | - | 2025–2026 | Broker-dealer |
| 90 | D.A. Davidson | 5 | 0 | 5 | $7,211,529,508 | - | 2020–2026 | |
| 91 | Intesa Sanpaolo IMI Securities Corp | 2 | 0 | 2 | $7,144,795,402 | - | 2025–2026 | Broker-dealer |
| 92 | Ncmg Llc | 1 | 0 | 1 | $6,264,999,978 | - | 2025 | Broker-dealer |
| 93 | Perella Weinberg | 1 | 0 | 1 | $6,264,999,978 | - | 2025 | |
| 94 | Perella Weinberg Partners | 1 | 0 | 1 | $6,264,999,978 | - | 2025 | Broker-dealer |
| 95 | TCG Capital Markets L.L.C | 1 | 0 | 1 | $6,264,999,978 | - | 2025 | Broker-dealer |
| 96 | Independence Point Securities | 3 | 0 | 3 | $6,035,500,000 | - | 2023–2026 | Broker-dealer |
| 97 | Daiwa Capital Markets | 2 | 0 | 2 | $5,750,295,424 | - | 2023–2026 | |
| 98 | MUFG Securities Americas Inc | 2 | 0 | 2 | $5,618,500,000 | - | 2023–2024 | Broker-dealer |
| 99 | NTBV and | 27 | 6 | 27 | $5,567,500,000 | $1,630,000,000 | 2025–2026 | |
| 100 | Telsey Advisory Group | 4 | 0 | 4 | $5,448,937,611 | - | 2020–2026 | Broker-dealer |
| 101 | Roberts & Ryan | 8 | 0 | 8 | $5,327,169,619 | - | 2025–2026 | Broker-dealer |
| 102 | Credit Agricole Securities (USA) Inc | 1 | 0 | 1 | $4,870,500,000 | - | 2023 | Broker-dealer |
| 103 | Natixis Securities Americas LLC | 1 | 0 | 1 | $4,870,500,000 | - | 2023 | Broker-dealer |
| 104 | SMBC Nikko Securities America, Inc | 1 | 0 | 1 | $4,870,500,000 | - | 2023 | Broker-dealer |
| 105 | WR Securities, LLC | 1 | 0 | 1 | $4,870,500,000 | - | 2023 | Broker-dealer |
| 106 | Clear Street | 26 | 17 | 26 | $4,812,333,310 | $2,885,000,000 | 2024–2026 | Broker-dealer |
| 107 | D. Boral Capital | 49 | 43 | 48 | $4,269,267,000 | $4,097,970,000 | 2024–2026 | Broker-dealer |
| 108 | Fifth Third Securities | 8 | 0 | 8 | $4,253,541,428 | - | 2024–2026 | Broker-dealer |
| 109 | UniCredit | 2 | 0 | 2 | $4,111,159,435 | - | 2026 | |
| 110 | Scotiabank | 6 | 2 | 5 | $3,969,437,368 | $483,000,000 | 2024–2026 | |
| 111 | Cohen & Company Capital Markets | 18 | 16 | 18 | $3,679,000,000 | $3,208,000,000 | 2024–2026 | Broker-dealer |
| 112 | CIBC Capital Markets | 3 | 0 | 3 | $3,571,533,744 | - | 2025–2026 | |
| 113 | Guzman & Company | 1 | 0 | 1 | $3,490,000,108 | - | 2020 | Broker-dealer |
| 114 | MFR Securities | 1 | 0 | 1 | $3,490,000,108 | - | 2020 | Broker-dealer |
| 115 | Regions Securities LLC | 5 | 0 | 5 | $3,438,168,531 | - | 2025–2026 | Broker-dealer |
| 116 | Roth Capital Partners | 18 | 11 | 17 | $3,402,833,328 | $924,838,336 | 2024–2026 | Broker-dealer |
| 117 | Penserra Securities | 3 | 0 | 3 | $3,108,000,003 | - | 2025–2026 | Broker-dealer |
| 118 | of Contents | 88 | 23 | 76 | $2,797,971,090 | $1,425,155,591 | 2024–2026 | |
| 119 | Moelis | 3 | 1 | 3 | $2,557,187,398 | $1,017,857,157 | 2025–2026 | |
| 120 | Comerica Securities | 2 | 0 | 2 | $2,497,692,316 | - | 2025–2026 | Broker-dealer |
| 121 | Erste Group | 1 | 0 | 1 | $2,430,000,000 | - | 2026 | |
| 122 | FT Partners | 3 | 0 | 3 | $1,945,469,909 | - | 2025–2026 | |
| 123 | The Benchmark Company | 18 | 12 | 14 | $1,885,671,369 | $759,271,369 | 2024–2026 | Broker-dealer |
| 124 | CIBC World Markets | 2 | 0 | 2 | $1,876,341,428 | - | 2025–2026 | Broker-dealer |
| 125 | National Bank of Canada Financial Markets | 1 | 0 | 1 | $1,750,000,000 | - | 2025 | |
| 126 | Tuohy Brothers | 1 | 0 | 1 | $1,750,000,000 | - | 2025 | |
| 127 | Crédit Agricole CIB | 1 | 0 | 1 | $1,681,159,435 | - | 2026 | |
| 128 | Pickering Energy Partners | 4 | 0 | 4 | $1,591,650,000 | - | 2025–2026 | Broker-dealer |
| 129 | Nordea | 2 | 0 | 2 | $1,582,850,960 | - | 2025–2026 | |
| 130 | Nordea Bank Abp | 2 | 0 | 2 | $1,582,850,960 | - | 2025–2026 | |
| 131 | Stephens | 8 | 2 | 8 | $1,566,370,500 | $103,782,500 | 2024–2026 | Broker-dealer |
| 132 | Rabobank | 2 | 0 | 2 | $1,521,739,163 | - | 2025–2026 | |
| 133 | Rabo Securities | 2 | 0 | 2 | $1,521,739,163 | - | 2025–2026 | |
| 134 | B of A Securities | 1 | 0 | 1 | $1,500,000,000 | - | 2025 | |
| 135 | Galaxy Digital | 1 | 0 | 1 | $1,500,000,000 | - | 2025 | |
| 136 | M. Klein & Company | 1 | 0 | 1 | $1,500,000,000 | - | 2025 | |
| 137 | LifeSci Capital | 6 | 0 | 6 | $1,478,103,320 | - | 2026 | Broker-dealer |
| 138 | CIBC Capital | 1 | 0 | 1 | $1,440,000,000 | - | 2024 | |
| 139 | PJT Partners | 2 | 0 | 2 | $1,437,000,003 | - | 2026 | Broker-dealer |
| 140 | Netrex Capital Markets | 1 | 0 | 1 | $1,380,000,000 | - | 2025 | Broker-dealer |
| 141 | KKR Capital Markets LLC | 2 | 0 | 2 | $1,224,812,000 | - | 2025 | Broker-dealer |
| 142 | Maxim Group | 24 | 19 | 22 | $1,156,032,202 | $835,957,202 | 2024–2026 | Broker-dealer |
| 143 | Bancroft Capital | 17 | 11 | 17 | $1,091,666,740 | $101,376,740 | 2024–2026 | Broker-dealer |
| 144 | Odeon Capital Group LLC | 4 | 0 | 4 | $1,090,000,000 | - | 2024–2026 | Broker-dealer |
| 145 | BNY Capital Markets | 1 | 0 | 1 | $1,054,000,000 | - | 2025 | |
| 146 | BNY Mellon Capital Markets, LLC | 1 | 0 | 1 | $1,054,000,000 | - | 2025 | Broker-dealer |
| 147 | Brookfield Securities LLC | 1 | 0 | 1 | $1,050,000,000 | - | 2026 | Broker-dealer |
| 148 | National Bank of Canada Financial Inc | 1 | 0 | 1 | $1,050,000,000 | - | 2026 | Broker-dealer |
| 149 | Susquehanna Financial Group, LLLP | 3 | 0 | 3 | $1,047,196,936 | - | 2025–2026 | Broker-dealer |
| 150 | EF Hutton | 19 | 13 | 19 | $867,080,002 | $627,600,000 | 2024–2026 | Broker-dealer |
| 151 | First Citizens Capital Securities, LLC | 1 | 0 | 1 | $864,000,000 | - | 2025 | Broker-dealer |
| 152 | TCBI Securities, Inc | 1 | 0 | 1 | $864,000,000 | - | 2025 | Broker-dealer |
| 153 | A.G.P./Alliance Global Partners | 15 | 15 | 13 | $863,402,461 | $863,402,461 | 2024–2026 | Broker-dealer |
| 154 | Compass Point | 3 | 0 | 2 | $862,468,710 | - | 2025–2026 | |
| 155 | Compass Point Research & Trading, LLC | 3 | 1 | 2 | $862,468,710 | $49,280,000 | 2025–2026 | Broker-dealer |
| 156 | Houlihan Lokey | 2 | 0 | 2 | $852,195,136 | - | 2026 | |
| 157 | Janney Montgomery Scott | 3 | 0 | 3 | $845,120,000 | - | 2025 | Broker-dealer |
| 158 | TCBI Securities, Inc., doing business as Texas Capital Securities | 2 | 0 | 2 | $838,337,500 | - | 2025–2026 | Broker-dealer |
| 159 | Dominari Securities | 18 | 14 | 18 | $834,251,000 | $423,081,000 | 2024–2025 | Broker-dealer |
| 160 | Bdt & Msd | 1 | 0 | 1 | $826,341,428 | - | 2025 | |
| 161 | BDT & MSD Partners, LLC | 1 | 0 | 1 | $826,341,428 | - | 2025 | Broker-dealer |
| 162 | EarlyBirdCapital | 7 | 6 | 7 | $800,000,000 | $600,000,000 | 2024–2026 | Broker-dealer |
| 163 | FTP Securities LLC | 1 | 0 | 1 | $787,500,000 | - | 2025 | Broker-dealer |
| 164 | Northland Securities | 7 | 3 | 6 | $764,330,000 | $229,955,000 | 2024–2026 | Broker-dealer |
| 165 | B. Riley Securities | 5 | 3 | 5 | $758,708,289 | $559,375,000 | 2024–2026 | Broker-dealer |
| 166 | H.C. Wainwright | 3 | 0 | 1 | $750,400,000 | - | 2024–2026 | |
| 167 | M&T Securities | 1 | 0 | 1 | $747,250,000 | - | 2026 | Broker-dealer |
| 168 | Jones | 3 | 1 | 3 | $686,419,600 | $200,000,000 | 2026 | |
| 169 | Deutsche Bank AG, Hong Kong Branch | 2 | 2 | 2 | $671,151,748 | $671,151,748 | 2024–2025 | |
| 170 | Bradesco BBI | 3 | 1 | 2 | $660,723,085 | $434,285,717 | 2024–2026 | |
| 171 | Webull Financial LLC | 5 | 0 | 5 | $652,170,000 | - | 2025–2026 | Broker-dealer |
| 172 | Lucid Capital Markets | 10 | 8 | 9 | $649,374,981 | $424,374,981 | 2024–2026 | Broker-dealer |
| 173 | Tiger Brokers | 17 | 11 | 17 | $646,728,585 | $186,051,708 | 2024–2026 | |
| 174 | Johnson Rice | 1 | 0 | 1 | $634,000,000 | - | 2025 | |
| 175 | ATB Capital Markets | 2 | 0 | 1 | $612,399,000 | - | 2025 | |
| 176 | Brookline Capital Markets | 6 | 1 | 6 | $610,900,800 | $6,400,000 | 2024–2026 | |
| 177 | ATB Securities Inc | 1 | 0 | 0 | $600,400,000 | - | 2025 | |
| 178 | Dowling & Partners Securities LLC | 2 | 0 | 2 | $555,421,060 | - | 2024–2025 | Broker-dealer |
| 179 | Ib Capital Llc | 5 | 1 | 5 | $530,000,000 | $100,000,000 | 2025–2026 | Broker-dealer |
| 180 | ThinkEquity | 12 | 11 | 10 | $500,890,200 | $435,890,200 | 2024–2026 | Broker-dealer |
| 181 | Alliance | 1 | 0 | 1 | $490,000,000 | - | 2024 | |
| 182 | KKR | 1 | 0 | 1 | $490,000,000 | - | 2024 | |
| 183 | Strong Capital Markets | 1 | 0 | 1 | $478,723,395 | - | 2026 | Broker-dealer |
| 184 | Ladenburg Thalmann | 4 | 1 | 3 | $471,000,000 | - | 2024–2026 | |
| 185 | Units BTIG, LLC | 3 | 0 | 3 | $455,000,000 | - | 2024–2026 | |
| 186 | Units Cantor Fitzgerald & Co | 2 | 0 | 2 | $440,000,000 | - | 2024–2025 | |
| 187 | LUMA Securities | 1 | 0 | 1 | $437,000,000 | - | 2026 | Broker-dealer |
| 188 | Itau BBA | 2 | 1 | 1 | $436,437,368 | $196,437,368 | 2025–2026 | |
| 189 | BB Securities Ltd | 1 | 1 | 1 | $434,285,717 | $434,285,717 | 2026 | |
| 190 | XP Investment Banking | 1 | 0 | 1 | $434,285,717 | - | 2026 | |
| 191 | Fearnley Securities | 1 | 0 | 1 | $427,200,000 | - | 2025 | Broker-dealer |
| 192 | Pareto Securities | 1 | 0 | 1 | $427,200,000 | - | 2025 | Broker-dealer |
| 193 | Cohen & | 1 | 0 | 1 | $425,000,016 | - | 2025 | |
| 194 | Huntington Capital Markets | 2 | 0 | 1 | $420,169,600 | - | 2026 | |
| 195 | Rothschild & Co US I | 1 | 0 | 1 | $414,630,000 | - | 2025 | |
| 196 | Tiger Brokers (NZ) Limited 0 Moomoo Financial Inc | 1 | 0 | 1 | $411,151,748 | - | 2025 | |
| 197 | Aegis Capital | 3 | 1 | 1 | $406,355,850 | $8,750 | 2025–2026 | Broker-dealer |
| 198 | Charles Schwab & Co., Inc | 1 | 0 | 1 | $405,169,600 | - | 2026 | Broker-dealer |
| 199 | Global Coordinators & Bookrunners | 1 | 0 | 1 | $405,169,600 | - | 2026 | |
| 200 | Robinhood Financial LLC | 1 | 0 | 1 | $405,169,600 | - | 2026 | Broker-dealer |
| 201 | Selected Selling Group Members | 1 | 0 | 1 | $405,169,600 | - | 2026 | |
| 202 | DNB Carnegie | 2 | 2 | 2 | $360,400,000 | $360,400,000 | 2025–2026 | Broker-dealer |
| 203 | Apollo Global Securities | 2 | 0 | 2 | $358,819,175 | - | 2025 | Broker-dealer |
| 204 | Huatai Securities | 2 | 2 | 2 | $354,285,708 | $354,285,708 | 2024–2026 | Broker-dealer |
| 205 | Per Unit | 2 | 1 | 2 | $351,200,000 | $350,000,000 | 2024 | |
| 206 | Scenario A | 4 | 2 | 4 | $350,000,000 | $150,000,000 | 2026 | |
| 207 | StoneX Financial Inc | 2 | 1 | 2 | $335,000,000 | $75,000,000 | 2026 | Broker-dealer |
| 208 | Konik Capital Partners | 1 | 1 | 0 | $329,580,000 | $329,580,000 | 2026 | |
| 209 | Chardan | 4 | 4 | 4 | $301,497,000 | $301,497,000 | 2025–2026 | |
| 210 | Banco Bradesco BBI S.A | 2 | 1 | 2 | $270,000,000 | $30,000,000 | 2024–2026 | |
| 211 | Bok Financial | 1 | 0 | 1 | $265,000,000 | - | 2025 | |
| 212 | Zions Capital | 1 | 0 | 1 | $265,000,000 | - | 2025 | |
| 213 | NTBVPS and | 1 | 0 | 1 | $261,000,000 | - | 2026 | |
| 214 | Merrill Lynch (Asia Pacific) Limited | 1 | 1 | 1 | $260,000,000 | $260,000,000 | 2024 | |
| 215 | Banco BTG Pactual S.A. – Cayman Branch | 1 | 0 | 1 | $240,000,000 | - | 2026 | |
| 216 | Financial Group, LLLP | 1 | 0 | 1 | $240,000,000 | - | 2026 | |
| 217 | Investment Banking | 1 | 0 | 1 | $240,000,000 | - | 2026 | |
| 218 | Sachs & Co. LLC | 1 | 0 | 1 | $240,000,000 | - | 2026 | |
| 219 | XP Investimentos CCTVM S.A | 1 | 0 | 1 | $240,000,000 | - | 2026 | |
| 220 | BTG Pactual US Capital, LLC | 1 | 0 | 1 | $222,819,175 | - | 2025 | Broker-dealer |
| 221 | SoFi Securities LLC | 1 | 0 | 1 | $212,788,710 | - | 2026 | Broker-dealer |
| 222 | PEP Advisory LLC | 1 | 0 | 1 | $210,400,000 | - | 2026 | Broker-dealer |
| 223 | Arc Group Securities Llc | 2 | 1 | 2 | $210,000,000 | $105,000,000 | 2026 | Broker-dealer |
| 224 | UNITS Citigroup Global Markets Inc | 1 | 0 | 1 | $210,000,000 | - | 2025 | |
| 225 | Lake Street | 4 | 0 | 3 | $204,560,003 | - | 2024–2026 | |
| 226 | Tuohy Brothers Investment Research, Inc | 1 | 0 | 1 | $200,200,000 | - | 2026 | Broker-dealer |
| 227 | Number of Units D. Boral Capital LLC | 2 | 0 | 2 | $200,000,000 | - | 2026 | |
| 228 | Capital Markets Lake | 1 | 0 | 1 | $200,000,000 | - | 2025 | |
| 229 | Jett Capital Advisors, LLC | 1 | 0 | 1 | $200,000,000 | - | 2026 | Broker-dealer |
| 230 | Riley Securities | 1 | 0 | 1 | $200,000,000 | - | 2025 | |
| 231 | Itaú BBA | 1 | 0 | 0 | $196,437,368 | - | 2025 | |
| 232 | National Bank of Canada | 1 | 0 | 0 | $196,437,368 | - | 2025 | |
| 233 | Revere Securities | 16 | 5 | 14 | $196,056,000 | $107,480,000 | 2024–2026 | Broker-dealer |
| 234 | R.F. Lafferty | 15 | 9 | 15 | $180,600,000 | $84,800,000 | 2024–2026 | |
| 235 | Scenario B | 2 | 0 | 2 | $175,000,000 | - | 2026 | |
| 236 | Scenario D | 2 | 0 | 2 | $175,000,000 | - | 2026 | |
| 237 | Number of Units Cohen & Company Capital Markets | 1 | 0 | 1 | $175,000,000 | - | 2025 | |
| 238 | Securities, Inc | 5 | 4 | 5 | $154,020,000 | $146,820,000 | 2025–2026 | |
| 239 | Clear Street Cohen & Company Capital Markets | 1 | 1 | 1 | $150,000,000 | $150,000,000 | 2024 | |
| 240 | FHN Financial Securities Corp | 1 | 0 | 1 | $150,000,000 | - | 2025 | Broker-dealer |
| 241 | Seaport Global Securities | 1 | 1 | 1 | $150,000,000 | $150,000,000 | 2024 | Broker-dealer |
| 242 | Barrington Research | 2 | 0 | 2 | $145,375,000 | - | 2024–2025 | |
| 243 | Barrington Research Associates, Inc | 2 | 0 | 2 | $145,375,000 | - | 2024–2025 | Broker-dealer |
| 244 | Centerview Partners | 1 | 0 | 1 | $142,200,000 | - | 2026 | Broker-dealer |
| 245 | Cathay Securities | 14 | 12 | 14 | $133,420,000 | $117,600,000 | 2024–2025 | Broker-dealer |
| 246 | I-Bankers Securities, Inc | 1 | 0 | 1 | $125,000,000 | - | 2026 | |
| 247 | Barclays Capital Inc. 2,666.667 Citigroup Global Markets Inc | 1 | 0 | 1 | $113,333,339 | - | 2025 | |
| 248 | Craft Capital | 16 | 14 | 15 | $111,640,002 | $89,640,002 | 2024–2025 | |
| 249 | As of | 1 | 0 | 1 | $110,000,000 | - | 2024 | |
| 250 | Description of Securities | 1 | 0 | 1 | $110,000,000 | - | 2024 | |
| 251 | Dividend Policy | 1 | 0 | 1 | $110,000,000 | - | 2024 | |
| 252 | Legal Matters | 1 | 0 | 1 | $110,000,000 | - | 2024 | |
| 253 | Proposed Business | 1 | 0 | 1 | $110,000,000 | - | 2024 | |
| 254 | Risk Factors | 1 | 0 | 1 | $110,000,000 | - | 2024 | |
| 255 | Summary Financial Data | 1 | 0 | 1 | $110,000,000 | - | 2024 | |
| 256 | Hovde Group | 2 | 1 | 2 | $109,450,000 | $40,700,000 | 2024–2026 | Broker-dealer |
| 257 | Lead Left Bookrunner | 1 | 0 | 1 | $105,000,000 | - | 2026 | |
| 258 | Lake Street Capital Markets | 2 | 1 | 1 | $103,800,000 | $15,000,000 | 2024–2026 | Broker-dealer |
| 259 | Units I-Bankers Securities, Inc | 1 | 1 | 1 | $100,000,000 | $100,000,000 | 2025 | |
| 260 | Titan Partners | 2 | 1 | 2 | $95,000,004 | $50,000,004 | 2024–2026 | |
| 261 | BOCOM International | 1 | 0 | 1 | $94,285,708 | - | 2026 | |
| 262 | CMB International | 1 | 0 | 1 | $94,285,708 | - | 2026 | |
| 263 | CMB International Capital Limited | 1 | 1 | 1 | $94,285,708 | $94,285,708 | 2026 | |
| 264 | Fortune (HK) Securities Limited | 1 | 0 | 1 | $94,285,708 | - | 2026 | |
| 265 | Fortune Securities | 1 | 0 | 1 | $94,285,708 | - | 2026 | Broker-dealer |
| 266 | VC Brokerage | 1 | 0 | 1 | $94,285,708 | - | 2026 | |
| 267 | Lafferty & Co. Inc | 3 | 1 | 3 | $81,600,000 | $9,800,000 | 2025–2026 | |
| 268 | JonesTrading | 1 | 1 | 1 | $81,250,000 | $81,250,000 | 2026 | |
| 269 | Kingswood Capital Partners, LLC | 4 | 3 | 4 | $80,250,000 | $60,000,000 | 2024–2025 | Broker-dealer |
| 270 | Joseph Gunnar | 3 | 2 | 2 | $79,800,000 | $20,000,000 | 2025–2026 | |
| 271 | Common Warrant | 1 | 1 | 0 | $65,000,000 | $65,000,000 | 2026 | |
| 272 | Warrant and | 1 | 0 | 0 | $65,000,000 | - | 2026 | |
| 273 | Kuan Liang Lin | 1 | 0 | 1 | $60,000,000 | - | 2025 | |
| 274 | Berenberg Capital Markets LLC | 1 | 0 | 1 | $59,999,400 | - | 2026 | Broker-dealer |
| 275 | Research Capital USA Inc | 1 | 0 | 1 | $59,800,000 | - | 2026 | Broker-dealer |
| 276 | Alexander Capital | 5 | 3 | 5 | $51,370,000 | $28,370,000 | 2024–2025 | |
| 277 | American Capital Partners | 1 | 1 | 1 | $50,000,004 | $50,000,004 | 2024 | Broker-dealer |
| 278 | Joseph Stone Capital | 3 | 3 | 3 | $46,500,016 | $46,500,016 | 2025 | Broker-dealer |
| 279 | Kingswood | 2 | 1 | 2 | $45,253,000 | $25,003,000 | 2024 | |
| 280 | Dawson James | 6 | 5 | 4 | $38,060,093 | $31,448,002 | 2024–2026 | |
| 281 | Westpark Capital | 4 | 4 | 4 | $36,000,000 | $36,000,000 | 2024–2025 | Broker-dealer |
| 282 | F. Lafferty & Co., Inc | 3 | 0 | 3 | $35,400,000 | - | 2025 | |
| 283 | Network 1 Financial | 4 | 3 | 4 | $34,775,000 | $26,375,000 | 2024–2025 | |
| 284 | Prime Number Capital | 4 | 2 | 3 | $33,826,000 | $12,600,000 | 2025 | Broker-dealer |
| 285 | WallachBeth Capital | 4 | 4 | 4 | $33,432,000 | $33,432,000 | 2024–2025 | Broker-dealer |
| 286 | Benjamin Securities | 5 | 3 | 5 | $32,200,000 | $19,000,000 | 2024–2025 | Broker-dealer |
| 287 | Table | 5 | 1 | 5 | $30,049,500 | - | 2024 | |
| 288 | ADSs Goldman Sachs (Asia) L.L.C | 1 | 0 | 1 | $30,000,000 | - | 2025 | |
| 289 | Clarksons | 1 | 0 | 1 | $30,000,000 | - | 2024 | |
| 290 | Freedom Capital Markets | 1 | 0 | 1 | $30,000,000 | - | 2024 | |
| 291 | Capital Management, Inc | 3 | 0 | 3 | $29,740,000 | - | 2025 | |
| 292 | Newbridge Securities Corporation | 2 | 1 | 2 | $29,150,000 | $6,750,000 | 2024 | Broker-dealer |
| 293 | Pacific Century Securities | 3 | 1 | 2 | $28,780,000 | $8,280,000 | 2025 | Broker-dealer |
| 294 | Exercise of | 2 | 1 | 2 | $28,000,002 | $20,000,002 | 2025–2026 | |
| 295 | Titan Partners Group | 1 | 1 | 1 | $22,400,000 | $22,400,000 | 2024 | |
| 296 | Per ADS | 1 | 1 | 1 | $20,666,677 | $20,666,677 | 2024 | |
| 297 | GF Securities (Hong Kong) | 1 | 0 | 1 | $20,250,000 | - | 2024 | |
| 298 | GF Securities (Hong Kong) Brokerage Limited | 1 | 0 | 1 | $20,250,000 | - | 2024 | |
| 299 | Juice Category | 1 | 0 | 1 | $20,000,002 | - | 2026 | |
| 300 | of Financial Information | 2 | 2 | 2 | $19,925,000 | $19,925,000 | 2025 |
300 firms, up to 300. Proceeds are the gross proceeds of the whole deal (price times shares sold), not the firm’s own allocation. “Registered” marks firms matched by name to the SEC’s broker-dealer list.
Deals by year
| Year | Priced deals with underwriters | Firms | Proceeds |
|---|---|---|---|
| 2026 | 248 | 199 | $156,755,901,391 |
| 2025 | 316 | 230 | $62,268,484,264 |
| 2024 | 214 | 189 | $30,738,496,137 |
| 2023 | 172 | 198 | $25,017,063,970 |
| 2022 | 65 | 115 | $5,309,990,525 |
| 2021 | 2 | 29 | $14,024,000,000 |
| 2020 | 3 | 45 | $10,216,000,108 |
| 2019 | 1 | 28 | $8,100,000,000 |
| 2014 | 1 | 19 | $21,767,214,800 |
| 2012 | 1 | 35 | $16,006,877,370 |
Data: SEC EDGAR. The quarterly full index (every S-1, S-1/A, F-1 and F-1/A since 1993, with the pricing prospectus, notice of effectiveness and withdrawal request of each registrant) and the company submissions data (SIC, state of incorporation, address, EIN, tickers, former names). Offering terms are read from the cover pages of the registrant's final prospectus (424B4, 424B1) and its latest registration statement before pricing: the price range, the final price, shares offered, gross proceeds (the cover's total, else price times shares), exchange and ticker, and the underwriters named on the cover and in the underwriting table (loader/s1_terms.py). Underwriter names are normalised, so Goldman, Sachs & Co. of 1999 and Goldman Sachs & Co. LLC of 2024 are one firm.