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TABLE: Who Wants Not to Be a Millionaire?
Before Nasdaq bombed, everyone talked about how great IPOs were. Here's how
2000 IPOs launched by top investment banks are doing now. We compared
companies' recent prices with their closing prices on the first day of
trading. So who's a genius now?
Number Average Post-IPO
Bank of Deals Performance*
Goldman Sachs 54 +0.9%
First Boston 50 -2.3%
Merrill Lynch 27 -10.5%
Dean Witter 34 -14.7%
* Based on prices at Aug. 24 close
DATA: THOMSON FINANCIAL SECURITIES DATA