IPO registrations (S-1, F-1) · Registrants
IPO underwriters in 2003
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 in 2003 | As lead in 2003 | Proceeds in 2003 | Deals | As lead | IPOs | Proceeds of deals | Proceeds as lead | Years | Registered |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Credit Suisse | 30 | 18 | $10,569,279,818 | 1,525 | 870 | 1,389 | $1,036,626,860,231 | $684,156,126,306 | 1994–2023 | |
| 2 | Merrill Lynch | 21 | 11 | $7,842,836,047 | 1,259 | 674 | 1,104 | $409,094,353,035 | $223,441,632,689 | 1994–2024 | |
| 3 | UBS | 15 | 6 | $7,822,570,803 | 1,036 | 435 | 958 | $847,708,399,241 | $129,848,621,178 | 1996–2026 | |
| 4 | Deutsche Bank | 12 | 8 | $6,971,251,818 | 1,132 | 482 | 1,055 | $606,945,118,305 | $149,388,082,262 | 1996–2026 | |
| 5 | Goldman Sachs | 17 | 12 | $6,072,608,259 | 1,725 | 1,201 | 1,611 | $852,111,045,316 | $651,377,636,938 | 1994–2026 | |
| 6 | Citigroup | 23 | 13 | $5,360,434,318 | 1,955 | 1,012 | 1,749 | $863,586,166,716 | $458,163,431,706 | 1994–2026 | |
| 7 | Lehman Brothers | 15 | 6 | $5,103,989,053 | 843 | 365 | 729 | $198,047,553,300 | $83,666,286,637 | 1994–2008 | Broker-dealer |
| 8 | J.P. Morgan | 26 | 15 | $4,996,054,265 | 1,834 | 1,125 | 1,653 | $850,833,107,159 | $582,380,071,775 | 1994–2026 | |
| 9 | ING | 3 | 1 | $4,342,015,553 | 119 | 74 | 112 | $134,859,322,258 | $90,075,353,918 | 1996–2026 | |
| 10 | CIBC World Markets | 12 | 7 | $4,086,500,803 | 385 | 136 | 354 | $115,119,722,252 | $12,133,254,001 | 1999–2026 | Broker-dealer |
| 11 | BofA Securities | 17 | 7 | $3,950,103,265 | 1,320 | 460 | 1,219 | $700,572,400,056 | $245,621,770,026 | 1999–2026 | Broker-dealer |
| 12 | Fox-Pitt, Kelton Inc | 4 | 1 | $3,730,226,553 | 58 | 1 | 52 | $35,274,772,038 | $165,750,000 | 1996–2007 | Broker-dealer |
| 13 | Morgan Stanley | 15 | 8 | $3,672,850,000 | 1,778 | 1,114 | 1,628 | $853,993,056,347 | $642,267,426,866 | 1994–2026 | |
| 14 | Daiwa Securities SMBC Hong Kong Limited | 2 | 0 | $2,967,855,553 | 4 | 0 | 4 | $3,994,907,679 | - | 2003–2004 | |
| 15 | ING Bank N.V | 2 | 0 | $2,967,855,553 | 6 | 0 | 6 | $7,831,353,374 | - | 1996–2003 | |
| 16 | BNP Paribas | 1 | 0 | $2,870,676,553 | 100 | 13 | 82 | $138,052,913,891 | $3,296,390,881 | 2000–2026 | |
| 17 | BNP Paribas Peregrine Capital Limited | 1 | 0 | $2,870,676,553 | 1 | 0 | 1 | $2,870,676,553 | - | 2003 | |
| 18 | Canadian Imperial Bank of Commerce | 1 | 0 | $2,870,676,553 | 1 | 0 | 1 | $2,870,676,553 | - | 2003 | |
| 19 | Cazenove Asia Limited | 1 | 0 | $2,870,676,553 | 2 | 0 | 2 | $3,897,728,679 | - | 2003–2004 | |
| 20 | Cazenove & Co | 1 | 0 | $2,870,676,553 | 23 | 3 | 21 | $17,250,178,620 | $193,700,000 | 1994–2004 | Broker-dealer |
| 21 | China Everbright Capital Limited | 1 | 0 | $2,870,676,553 | 1 | 0 | 1 | $2,870,676,553 | - | 2003 | |
| 22 | CICC | 1 | 0 | $2,870,676,553 | 53 | 30 | 52 | $63,839,055,401 | $10,320,685,800 | 2003–2026 | |
| 23 | Deutsche Bank AG, Hong Kong Branch | 1 | 0 | $2,870,676,553 | 5 | 3 | 5 | $4,630,880,427 | $733,151,748 | 2003–2025 | |
| 24 | First Shanghai Securities | 1 | 0 | $2,870,676,553 | 6 | 0 | 6 | $3,717,598,859 | - | 2003–2007 | |
| 25 | ICEA Capital Limited | 1 | 0 | $2,870,676,553 | 1 | 0 | 1 | $2,870,676,553 | - | 2003 | |
| 26 | Merrill Lynch Far East Limited | 1 | 0 | $2,870,676,553 | 2 | 0 | 2 | $2,990,676,553 | - | 2003–2009 | |
| 27 | Nomura | 1 | 0 | $2,870,676,553 | 140 | 17 | 136 | $106,193,829,760 | $4,652,541,277 | 1994–2026 | |
| 28 | Samsung Securities (Asia) | 1 | 0 | $2,870,676,553 | 5 | 0 | 5 | $21,234,676,553 | - | 1999–2011 | |
| 29 | Subtotal | 1 | 0 | $2,870,676,553 | 5 | 0 | 5 | $8,432,226,500 | - | 1998–2010 | |
| 30 | Piper Sandler | 17 | 5 | $2,342,545,652 | 1,236 | 409 | 1,147 | $331,150,793,886 | $40,164,404,739 | 1994–2026 | |
| 31 | Bear Stearns | 11 | 8 | $1,905,788,000 | 728 | 210 | 648 | $191,334,353,233 | $70,521,413,656 | 1994–2008 | |
| 32 | Thomas Weisel Partners | 15 | 5 | $1,484,120,742 | 309 | 116 | 300 | $40,499,348,273 | $9,275,198,395 | 1999–2010 | Broker-dealer |
| 33 | SMBC Nikko | 5 | 1 | $1,471,339,000 | 56 | 3 | 51 | $74,526,223,163 | $213,570,852 | 2003–2026 | |
| 34 | A.G. Edwards | 9 | 2 | $1,424,090,000 | 554 | 52 | 491 | $112,218,008,135 | $5,652,230,952 | 1994–2007 | |
| 35 | CLSA | 1 | 0 | $1,374,160,000 | 37 | 2 | 36 | $46,187,018,535 | $150,550,000 | 2000–2024 | |
| 36 | The Hongkong and Shanghai Banking | 1 | 0 | $1,374,160,000 | 3 | 0 | 3 | $1,526,559,357 | - | 2003–2004 | |
| 37 | underwriters named below. Merrill Lynch International | 1 | 0 | $1,374,160,000 | 1 | 0 | 1 | $1,374,160,000 | - | 2003 | |
| 38 | Legg Mason | 9 | 3 | $1,030,820,000 | 425 | 26 | 388 | $96,022,420,686 | $1,483,418,390 | 1994–2005 | |
| 39 | Allen & Company | 4 | 0 | $939,960,000 | 215 | 30 | 204 | $114,286,973,810 | $9,209,693,064 | 1994–2026 | Broker-dealer |
| 40 | FBR | 9 | 2 | $908,589,988 | 260 | 86 | 222 | $50,752,181,380 | $6,347,650,278 | 1996–2020 | |
| 41 | Wachovia | 5 | 1 | $868,450,000 | 379 | 67 | 334 | $112,767,077,449 | $25,320,905,496 | 1996–2008 | |
| 42 | Dowling & Partners Securities | 4 | 1 | $859,550,000 | 41 | 1 | 38 | $22,802,440,488 | $165,750,000 | 1996–2025 | Broker-dealer |
| 43 | Cowen | 16 | 8 | $840,290,000 | 1,086 | 380 | 1,005 | $275,620,128,907 | $48,288,490,860 | 1994–2026 | |
| 44 | Morgan Keegan | 6 | 0 | $780,940,694 | 272 | 37 | 241 | $50,851,091,350 | $1,187,489,130 | 1994–2012 | |
| 45 | Jefferies | 8 | 0 | $772,000,000 | 931 | 460 | 873 | $248,961,487,693 | $94,846,011,859 | 1994–2026 | Broker-dealer |
| 46 | Baird | 5 | 2 | $760,541,750 | 608 | 86 | 566 | $185,990,583,027 | $9,212,644,519 | 1994–2026 | |
| 47 | SoundView | 3 | 1 | $736,700,000 | 113 | 20 | 109 | $16,369,912,353 | $1,121,128,500 | 1996–2003 | |
| 48 | RBC Capital Markets | 9 | 2 | $736,481,738 | 888 | 206 | 846 | $475,312,436,779 | $36,489,794,969 | 1996–2026 | Broker-dealer |
| 49 | KBW | 6 | 2 | $727,830,682 | 238 | 82 | 207 | $106,915,406,728 | $7,590,672,812 | 1996–2026 | |
| 50 | Suntrust Capital Markets, Inc | 5 | 0 | $566,650,000 | 35 | 6 | 32 | $12,368,631,580 | $832,241,406 | 2001–2007 | Broker-dealer |
| 51 | Raymond James | 6 | 2 | $550,091,000 | 956 | 127 | 887 | $354,038,723,325 | $11,234,205,352 | 1994–2026 | |
| 52 | JMP Securities | 5 | 0 | $542,950,000 | 300 | 36 | 278 | $79,459,343,852 | $2,309,249,339 | 2002–2026 | Broker-dealer |
| 53 | Stifel | 5 | 1 | $524,439,988 | 722 | 160 | 687 | $325,299,915,114 | $20,530,366,432 | 1994–2026 | |
| 54 | Mcdonald Investments Inc | 3 | 0 | $484,281,750 | 27 | 2 | 21 | $8,777,686,456 | $82,515,762 | 1998–2004 | Broker-dealer |
| 55 | Sanders Morris Harris | 4 | 0 | $480,770,988 | 76 | 3 | 73 | $26,041,066,988 | $757,000,000 | 2000–2023 | Broker-dealer |
| 56 | Morgan Joseph | 3 | 0 | $479,981,750 | 23 | 9 | 18 | $4,210,670,120 | $273,025,000 | 2003–2010 | Broker-dealer |
| 57 | Lynch & | 1 | 0 | $475,000,000 | 10 | 0 | 10 | $1,980,399,847 | - | 2003–2007 | |
| 58 | Cochran, Caronia Securities L.L.C | 1 | 0 | $473,000,000 | 8 | 1 | 7 | $9,431,500,000 | $60,000,000 | 2001–2005 | |
| 59 | Donaldson, Lufkin & Jenrette | 1 | 1 | $473,000,000 | 726 | 272 | 625 | $93,274,897,916 | $29,312,405,109 | 1994–2003 | |
| 60 | Blaylock and Partners, L.P | 2 | 1 | $471,600,000 | 68 | 2 | 67 | $72,881,388,698 | $3,871,600,000 | 1996–2005 | |
| 61 | ASSETS Assets: Current assets: Cash and cash equivalents | 1 | 0 | $462,000,000 | 1 | 0 | 1 | $462,000,000 | - | 2003 | |
| 62 | Depreciation and amortization | 1 | 0 | $462,000,000 | 4 | 0 | 2 | $1,266,120,000 | - | 2000–2014 | |
| 63 | Equity in income from affiliate (note 5) | 1 | 0 | $462,000,000 | 1 | 0 | 1 | $462,000,000 | - | 2003 | |
| 64 | Interest expense, net | 1 | 0 | $462,000,000 | 1 | 0 | 1 | $462,000,000 | - | 2003 | |
| 65 | Inventories (notes 3 and 6) | 1 | 0 | $462,000,000 | 1 | 0 | 1 | $462,000,000 | - | 2003 | |
| 66 | Net sales | 1 | 0 | $462,000,000 | 1 | 0 | 1 | $462,000,000 | - | 2003 | |
| 67 | Prepaid and other current assets (note 15) | 1 | 0 | $462,000,000 | 1 | 0 | 1 | $462,000,000 | - | 2003 | |
| 68 | Taxes on income (note 14) | 1 | 0 | $462,000,000 | 1 | 0 | 1 | $462,000,000 | - | 2003 | |
| 69 | Wells Fargo | 2 | 0 | $455,281,750 | 483 | 121 | 459 | $383,916,856,433 | $26,709,370,086 | 2000–2026 | |
| 70 | McDonald Investments Inc., a Keycorp Company | 3 | 0 | $431,609,988 | 111 | 2 | 105 | $40,040,295,652 | $76,450,000 | 1998–2003 | |
| 71 | Needham & Company | 6 | 2 | $419,280,000 | 620 | 68 | 578 | $184,600,883,648 | $6,704,277,840 | 1995–2026 | Broker-dealer |
| 72 | Scotiabank | 2 | 0 | $418,000,000 | 122 | 8 | 98 | $130,530,260,255 | $1,907,810,307 | 1996–2026 | |
| 73 | Truist Securities | 4 | 2 | $409,030,694 | 666 | 55 | 612 | $198,923,295,075 | $4,298,793,559 | 1994–2026 | Broker-dealer |
| 74 | Harris Nesbitt Gerard | 2 | 0 | $391,781,750 | 2 | 0 | 2 | $391,781,750 | - | 2003 | |
| 75 | Stephens | 4 | 1 | $387,249,988 | 340 | 50 | 316 | $74,700,375,007 | $4,392,667,745 | 1994–2026 | Broker-dealer |
| 76 | William Blair | 3 | 0 | $385,630,000 | 870 | 144 | 821 | $315,616,203,797 | $11,874,232,644 | 1994–2026 | |
| 77 | Adams Harkness | 6 | 2 | $336,725,742 | 232 | 32 | 219 | $27,898,329,749 | $1,476,858,500 | 1996–2005 | |
| 78 | Epoch Securities, Inc | 1 | 0 | $316,680,000 | 13 | 1 | 12 | $10,153,155,420 | $240,000,000 | 2000–2004 | Broker-dealer |
| 79 | Cmg Institutional Trading Llc | 2 | 0 | $281,660,000 | 10 | 0 | 10 | $11,610,477,810 | - | 2002–2005 | Broker-dealer |
| 80 | Edward D. Jones & Co | 2 | 0 | $281,660,000 | 229 | 2 | 221 | $72,192,128,349 | $11,250,000 | 1994–2008 | Broker-dealer |
| 81 | Bb&t Capital | 2 | 0 | $275,700,000 | 4 | 0 | 2 | $510,640,000 | - | 2003–2007 | |
| 82 | U.S. Bancorp Piper Jaffray Capital Markets Inc | 1 | 0 | $271,600,000 | 1 | 0 | 1 | $271,600,000 | - | 2003 | |
| 83 | TD Securities | 2 | 0 | $259,721,750 | 95 | 23 | 81 | $112,006,343,067 | $7,848,498,204 | 1997–2026 | |
| 84 | Loop Capital Markets | 1 | 0 | $258,750,000 | 170 | 7 | 160 | $199,788,011,717 | $690,352,719 | 1999–2026 | Broker-dealer |
| 85 | BMO Capital Markets | 1 | 1 | $251,781,750 | 264 | 71 | 254 | $167,357,999,001 | $11,872,637,970 | 2000–2026 | Broker-dealer |
| 86 | Siebert Williams Shank | 5 | 0 | $232,500,000 | 207 | 1 | 197 | $245,620,103,156 | $3,025,000,000 | 1996–2026 | |
| 87 | Petrie Parkman & Co | 1 | 0 | $232,500,000 | 48 | 4 | 38 | $9,682,573,289 | $90,572,500 | 1994–2006 | |
| 88 | Simmons & Company | 1 | 0 | $232,500,000 | 97 | 10 | 91 | $29,259,850,210 | $1,687,748,115 | 1994–2021 | |
| 89 | Roth Capital Partners | 4 | 0 | $224,510,000 | 237 | 139 | 181 | $16,227,031,099 | $4,561,817,705 | 1996–2026 | Broker-dealer |
| 90 | Leerink Partners | 3 | 0 | $215,750,000 | 284 | 180 | 270 | $46,540,396,068 | $22,542,620,651 | 1996–2026 | Broker-dealer |
| 91 | Pacific Growth Equities | 4 | 1 | $213,510,000 | 87 | 19 | 81 | $5,439,345,025 | $1,056,935,325 | 1996–2007 | Broker-dealer |
| 92 | Utendahl Capital Partners, L.p | 1 | 0 | $200,000,000 | 55 | 2 | 53 | $50,304,168,292 | $2,300,000,000 | 1996–2008 | Broker-dealer |
| 93 | Sandler O'Neill & Partners L.P | 2 | 0 | $178,829,988 | 105 | 8 | 85 | $35,872,538,903 | $216,687,151 | 1997–2019 | Broker-dealer |
| 94 | Merriman Curhan Ford | 3 | 0 | $154,780,000 | 14 | 4 | 10 | $810,980,004 | $219,429,344 | 2003–2010 | Broker-dealer |
| 95 | Receivables, net | 1 | 0 | $153,750,000 | 2 | 0 | 2 | $204,750,000 | - | 2003–2007 | |
| 96 | WR Hambrecht + Co | 3 | 1 | $149,850,000 | 21 | 6 | 20 | $5,981,441,447 | $204,000,000 | 1999–2013 | |
| 97 | First Analysis | 1 | 0 | $148,200,000 | 1 | 0 | 0 | $148,200,000 | - | 2003 | |
| 98 | Dominick & Dominick Inc | 1 | 0 | $140,000,000 | 64 | 1 | 61 | $6,112,608,160 | $13,420,000 | 1996–2012 | Broker-dealer |
| 99 | First Southwest Company | 1 | 0 | $134,099,988 | 45 | 0 | 37 | $8,248,538,480 | - | 1994–2007 | Broker-dealer |
| 100 | Howe Barnes Investments Inc | 1 | 0 | $134,099,988 | 38 | 6 | 29 | $1,401,827,155 | $109,910,000 | 1996–2006 | |
| 101 | Jeffries & Company | 1 | 0 | $134,099,988 | 7 | 0 | 7 | $623,824,988 | - | 1997–2003 | |
| 102 | Ryan Beck & Co | 1 | 0 | $134,099,988 | 48 | 7 | 37 | $3,077,370,294 | $204,082,965 | 1996–2006 | Broker-dealer |
| 103 | L Ehman B Rothers | 2 | 0 | $132,562,500 | 27 | 0 | 25 | $5,123,887,347 | - | 2001–2007 | |
| 104 | Pacific Crest Securities | 2 | 1 | $128,800,000 | 190 | 10 | 180 | $61,897,945,190 | $404,446,552 | 1996–2017 | Broker-dealer |
| 105 | Hoefer & Arnett | 2 | 0 | $124,730,000 | 51 | 4 | 42 | $2,393,921,988 | $18,720,000 | 1996–2006 | |
| 106 | ThinkEquity | 2 | 0 | $124,500,000 | 109 | 69 | 96 | $6,592,715,620 | $2,292,006,760 | 2001–2026 | Broker-dealer |
| 107 | Muriel Siebert & Co. | 1 | 0 | $118,750,000 | 56 | 0 | 55 | $119,826,248,703 | - | 1996–2025 | Broker-dealer |
| 108 | Sterling Financial Investment Group | 1 | 0 | $115,500,000 | 2 | 0 | 2 | $375,500,000 | - | 2002–2003 | |
| 109 | C.e. Unterberg, Towbin | 2 | 0 | $114,000,000 | 162 | 10 | 150 | $12,740,622,216 | $451,080,012 | 1997–2007 | Broker-dealer |
| 110 | Putnam Lovell Securities | 2 | 0 | $87,940,000 | 7 | 0 | 6 | $6,111,799,350 | - | 2000–2005 | |
| 111 | Westfield Bakerink Brozak LLC | 1 | 0 | $85,750,000 | 2 | 0 | 0 | $128,625,000 | - | 2003–2005 | Broker-dealer |
| 112 | Inventories | 1 | 1 | $84,000,000 | 9 | 2 | 9 | $617,710,000 | $90,800,000 | 1998–2014 | |
| 113 | June 30, June 30 | 1 | 0 | $84,000,000 | 1 | 0 | 1 | $84,000,000 | - | 2003 | |
| 114 | SoundView Technology Corporation | 2 | 0 | $83,240,720 | 3 | 0 | 3 | $138,240,720 | - | 2002–2003 | |
| 115 | Gerard Klauer Mattison | 1 | 0 | $80,000,000 | 196 | 3 | 183 | $20,960,242,428 | $173,512,000 | 1995–2003 | |
| 116 | Thomas Weisel Securities LLC | 1 | 0 | $80,000,000 | 1 | 0 | 1 | $80,000,000 | - | 2003 | |
| 117 | D.A. Davidson | 1 | 1 | $75,000,000 | 108 | 21 | 91 | $38,162,719,764 | $792,624,666 | 1997–2026 | |
| 118 | Fahnestock & Co. Inc | 1 | 1 | $75,000,000 | 207 | 6 | 187 | $33,522,945,483 | $265,850,000 | 1994–2003 | |
| 119 | Lazard | 1 | 1 | $70,000,000 | 289 | 44 | 238 | $70,991,844,608 | $2,985,038,631 | 1994–2021 | |
| 120 | opposite their names below. Bear, Stearns & Co. Inc | 1 | 0 | $67,550,000 | 1 | 0 | 1 | $67,550,000 | - | 2003 | |
| 121 | Hibernia South Coast Capital | 1 | 0 | $65,010,000 | 3 | 0 | 2 | $139,710,000 | - | 2002–2005 | |
| 122 | Maxim Securities, Inc | 1 | 0 | $65,010,000 | 2 | 0 | 2 | $95,010,000 | - | 2003–2004 | |
| 123 | Wedbush Securities | 1 | 0 | $65,010,000 | 268 | 14 | 249 | $59,488,729,244 | $638,246,416 | 1994–2026 | Broker-dealer |
| 124 | W.R. Hambrecht & Co | 1 | 0 | $65,010,000 | 21 | 3 | 19 | $1,542,213,083 | $231,087,321 | 1999–2008 | Broker-dealer |
| 125 | below: Lehman Brothers Inc | 1 | 1 | $60,000,000 | 1 | 1 | 1 | $60,000,000 | $60,000,000 | 2003 | |
| 126 | Chatsworth Securities, Llc | 1 | 0 | $60,000,000 | 82 | 0 | 80 | $46,990,218,248 | - | 1997–2006 | Broker-dealer |
| 127 | C.L. King & Associates | 1 | 0 | $60,000,000 | 151 | 1 | 136 | $100,241,270,960 | $29,999,996 | 1996–2026 | Broker-dealer |
| 128 | Koonce Securities Inc | 1 | 0 | $60,000,000 | 1 | 0 | 1 | $60,000,000 | - | 2003 | Broker-dealer |
| 129 | Oppenheimer | 1 | 0 | $60,000,000 | 674 | 128 | 605 | $158,412,465,252 | $19,302,370,805 | 1994–2026 | |
| 130 | Consumer receivables acquired for liquidation | 1 | 1 | $51,875,000 | 1 | 1 | 0 | $51,875,000 | $51,875,000 | 2003 | |
| 131 | Deferred income taxes | 1 | 0 | $51,875,000 | 4 | 0 | 3 | $596,595,000 | - | 1997–2010 | |
| 132 | Furniture and equipment, net | 1 | 0 | $51,875,000 | 1 | 0 | 0 | $51,875,000 | - | 2003 | |
| 133 | Other assets | 1 | 0 | $51,875,000 | 6 | 0 | 5 | $590,175,000 | - | 1997–2007 | |
| 134 | Repossessed automobiles, net | 1 | 0 | $51,875,000 | 1 | 0 | 0 | $51,875,000 | - | 2003 | |
| 135 | Restricted cash, net | 1 | 0 | $51,875,000 | 1 | 0 | 0 | $51,875,000 | - | 2003 | |
| 136 | Avondale Partners | 1 | 0 | $51,600,000 | 15 | 2 | 14 | $3,827,726,998 | $137,499,998 | 2002–2015 | Broker-dealer |
| 137 | Sg C Owen | 1 | 0 | $51,000,000 | 2 | 0 | 2 | $100,500,000 | - | 2003–2004 | |
| 138 | McKinnon & Company, Inc | 2 | 1 | $49,258,125 | 7 | 6 | 0 | $69,414,405 | $24,684,405 | 1998–2006 | Broker-dealer |
| 139 | BB&T Capital Markets, A division of Scott & Stringfellow | 1 | 0 | $44,730,000 | 2 | 0 | 1 | $155,230,000 | - | 2003–2004 | |
| 140 | Technology Group | 1 | 0 | $39,200,000 | 1 | 0 | 1 | $39,200,000 | - | 2003 | |
| 141 | EarlyBirdCapital | 1 | 0 | $37,000,000 | 102 | 64 | 101 | $10,714,473,248 | $7,164,680,000 | 2003–2026 | Broker-dealer |
| 142 | First Albany | 1 | 0 | $37,000,000 | 161 | 6 | 145 | $15,673,779,270 | $88,022,027 | 1994–2003 | |
| 143 | Cibc W Orld M Arkets | 1 | 0 | $35,062,500 | 1 | 0 | 1 | $35,062,500 | - | 2003 | |
| 144 | C Itigroup | 1 | 0 | $35,062,500 | 5 | 0 | 5 | $354,362,508 | - | 2003–2012 | |
| 145 | Brean Murray & Co., Inc | 1 | 0 | $33,300,000 | 86 | 4 | 72 | $5,576,591,942 | $27,362,500 | 1996–2005 | |
| 146 | Murray & Co., Inc | 1 | 0 | $33,300,000 | 1 | 0 | 1 | $33,300,000 | - | 2003 | |
| 147 | Punk, Ziegel & Company | 1 | 0 | $33,300,000 | 30 | 3 | 27 | $2,499,164,950 | $283,606,000 | 1997–2005 | Broker-dealer |
| 148 | Ziegel & Company | 1 | 0 | $33,300,000 | 1 | 0 | 1 | $33,300,000 | - | 2003 | |
| 149 | Investec Inc | 1 | 0 | $27,300,742 | 1 | 0 | 0 | $27,300,742 | - | 2003 | |
| 150 | Southwest Securities | 1 | 0 | $22,500,000 | 66 | 3 | 56 | $5,173,424,887 | $52,350,000 | 1994–2012 | Broker-dealer |
| 151 | A Division of Scott & | 1 | 0 | $11,340,000 | 1 | 0 | 0 | $11,340,000 | - | 2003 | |
| 152 | Bb&t Capital Markets | 1 | 0 | $11,340,000 | 49 | 3 | 39 | $13,092,031,136 | $421,740,000 | 2000–2018 | |
| 153 | Stringfellow, Inc | 1 | 0 | $11,340,000 | 2 | 1 | 1 | $91,340,000 | $80,000,000 | 2003–2006 | |
| 154 | HSBC | 1 | 0 | $7,940,000 | 156 | 18 | 146 | $220,952,796,847 | $42,788,330,946 | 1996–2025 | |
| 155 | Sprott Securities (U.S.A.) Limited | 1 | 0 | $7,940,000 | 1 | 0 | 0 | $7,940,000 | - | 2003 | |
| 156 | Keating Investments Llc | 2 | 2 | $6,000,000 | 2 | 2 | 2 | $6,000,000 | $6,000,000 | 2003 | |
| 157 | ABN AMRO | 4 | 0 | - | 128 | 11 | 104 | $96,053,548,220 | $5,855,887,500 | 1996–2021 | Broker-dealer |
| 158 | Stanley | 4 | 0 | - | 21 | 2 | 15 | $4,720,689,772 | $175,000,000 | 2003–2021 | |
| 159 | Barclays | 3 | 3 | - | 655 | 319 | 611 | $493,254,222,672 | $141,248,018,502 | 1996–2026 | |
| 160 | Mizuho | 3 | 0 | - | 125 | 19 | 119 | $283,974,494,845 | $11,271,533,141 | 2001–2026 | |
| 161 | Banc One Capital Markets, Inc | 1 | 0 | - | 5 | 0 | 1 | - | - | 1999–2003 | |
| 162 | Janney Montgomery Scott | 1 | 1 | - | 375 | 19 | 335 | $65,973,878,591 | $588,649,081 | 1994–2025 | Broker-dealer |
| 163 | PNC Capital Markets, Inc | 1 | 0 | - | 41 | 0 | 34 | $30,128,451,725 | - | 2001–2026 | Broker-dealer |
163 firms active in 2003, 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.
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.