| Sno | Name | Ticker | Underwriter | # Shares(M) | (Close 2003) | Offer Price | Gain | IPO Date |
| 78 |
Bridge Street Financial, Inc. | OCNB | Friedman, Billings, Ramsey & Co., Inc | 2 | /div | 10.00 | -100% | 2003-01-07 |
| 77 |
Infinity Property and Casualty Corp. | IPCC | CS First Boston | 12 | 39.02 | 16.00 | 143% | 2003-02-11 |
| 76 |
Accredited Home Lenders, Inc. | LEND | Friedman, Billings, Ramsey & Co., Inc | 10 | 11.73 | 8.00 | 46% | 2003-02-13 |
| 75 |
Endurance Specialty Holdings Ltd. | ENH | Goldman, Sachs & Co. | 10 | 35.21 | 23.00 | 53% | 2003-02-27 |
| 74 |
iPayment, Inc. | IPMT | Bear Stearns & Co. Inc. | 5 | /div | 16.00 | -100% | 2003-05-12 |
| 73 |
FormFactor, Inc. | FORM | Morgan Stanley | 6 | 19.10 | 14.00 | 36% | 2003-06-11 |
| 72 |
American Financial Realty Trust | AFR | Banc of America Sec. LLC | 56 | 8.39 | 12.00 | -31% | 2003-06-24 |
| 71 |
Maguire Properties, Inc. | MPG | CS First Boston | 37 | 16.62 | 19.00 | -13% | 2003-06-24 |
| 70 |
AXIS Capital Holdings Limited | AXS | Morgan Stanley | 22 | 34.00 | 22.00 | 54% | 2003-07-01 |
| 69 |
Molina Healthcare, Inc. | MOH | Banc of America Sec. LLC | 7 | 24.84 | 18.00 | 38% | 2003-07-01 |
| 68 |
Jefferson Bancshares, Inc. | JFBI | Keefe, Bruyette & Woods, Inc. | 7 | 9.19 | 10.00 | -9% | 2003-07-02 |
| 67 |
Digital Theater Systems, Inc. | DTSI | SG Cowen | 4 | 29.57 | 17.00 | 73% | 2003-07-09 |
| 66 |
InterVideo Inc. | IVII | SG Cowen | 3 | /div | 14.00 | -100% | 2003-07-16 |
| 65 |
Integrated Alarm Services Group, Inc. | IASG | Friedman, Billings, Ramsey & Co., Inc | 22 | /div | 9.00 | -100% | 2003-07-23 |
| 64 |
iPass Inc. | IPAS | Morgan Stanley Dean Witter | 7 | 2.53 | 14.00 | -82% | 2003-07-23 |
| 63 |
NETGEAR, Inc. | NTGR | Lehman Brothers | 7 | 17.70 | 14.00 | 26% | 2003-07-30 |
| 62 |
Citadel Broadcasting Corporation | CDL | Goldman, Sachs & Co. | 22 | 1.43 | 19.00 | -93% | 2003-07-31 |
| 61 |
CapitalSource Inc. | CSE | CS First Boston | 21 | 15.14 | 14.00 | 8% | 2003-08-06 |
| 60 |
Direct General Corporation | DRCT | Keefe, Bruyette & Woods, Inc. | 7 | 21.26 | 21.00 | 1% | 2003-08-11 |
| 59 |
Texas Capital Bancshares, Inc. | TCBI | Lehman Brothers | 6 | 17.95 | 11.00 | 63% | 2003-08-12 |
| 58 |
Gladstone Commercial Corp. | GOOD | Ferris Baker Watts | 7 | 16.80 | 15.00 | 12% | 2003-08-12 |
| 57 |
Providence Service Corp. | PRSC | SunTrust Robinson Humphrey | 4 | 27.81 | 12.00 | 131% | 2003-08-18 |
| 56 |
Ashford Hospitality Trust, Inc. | AHT | Friedman, Billings, Ramsey & Co., Inc | 22 | 5.74 | 9.00 | -37% | 2003-08-26 |
| 55 |
National Financial Partners Corp. | NFP | Goldman, Sachs & Co. | 9 | 24.12 | 23.00 | 4% | 2003-09-17 |
| 54 |
SigmaTel Inc. | SGTL | Merrill Lynch & Co. | 10 | 2.98 | 15.00 | -81% | 2003-09-18 |
| 53 |
AMIS Holdings, Inc. | AMIS | CS First Boston | 30 | 5.85 | 20.00 | -71% | 2003-09-23 |
| 52 |
Journal Communications, Inc. | JRN | Morgan Stanley Dean Witter | 17 | 5.67 | 15.00 | -63% | 2003-09-23 |
| 51 |
RedEnvelope Inc. | REDE | W.R. Hambrecht & Company | 2 | 0.007 | 14.00 | -100% | 2003-09-24 |
| 50 |
Anchor Glass Container Corp. | AGCC | CS First Boston | 8 | /div | 16.00 | -100% | 2003-09-25 |
| 49 |
LKQ Corp. | LKQX | Robert W. Baird & Co. | 7 | 21.70 | 13.00 | 66% | 2003-10-02 |
| 48 |
Acusphere, Inc. | ACUS | SG Cowen | 4 | 0.78 | 14.00 | -95% | 2003-10-07 |
| 47 |
DigitalNet Holdings, Inc. | DNET | Citigroup | 5 | /div | 17.00 | -100% | 2003-10-09 |
| 46 |
Advancis Pharmaceutical Corp. | AVNC | Lehman Brothers | 6 | /div | 10.00 | -100% | 2003-10-16 |
| 45 |
Carter Holdings, Inc. | CRI | Goldman, Sachs & Co. | 6 | 14.52 | 19.00 | -24% | 2003-10-23 |
| 44 |
First Potomac Realty Trust | FPO | Ferris, Baker Watts | 7 | 16.73 | 15.00 | 11% | 2003-10-23 |
| 43 |
CancerVax Corporation | CNVX | Lehman Brothers | 6 | /div | 12.00 | -100% | 2003-10-29 |
| 42 |
Myogen Inc. | MYOG | CS First Boston | 5 | /div | 14.00 | -100% | 2003-10-29 |
| 41 |
Genitope Corporation | GTOP | W.R. Hambrecht & Company | 4 | 0.110 | 9.00 | -99% | 2003-10-30 |
| 40 |
KNBT Bancorp Inc. | KNBT | Sandler O'Neill & Partners | 31 | 17.39 | 10.00 | 73% | 2003-10-31 |
| 39 |
Overnite Corp. | OVNT | Morgan Stanley | 25 | /div | 19.00 | -100% | 2003-10-31 |
| 38 |
Pharmion Corporation | PHRM | Morgan Stanley Dean Witter | 6 | 72.32 | 14.00 | 416% | 2003-11-05 |
| 37 |
NitroMed, Inc. | NTMD | Deutsche Bank Sec. | 6 | 1.15 | 11.00 | -90% | 2003-11-05 |
| 36 |
Quality Distribution Inc. | QLTY | CS First Boston | 7 | 3.31 | 17.00 | -81% | 2003-11-06 |
| 35 |
Marlin Business Services Inc. | MRLN | U.S. Bancorp Piper Jaffrey | 4 | 6.17 | 14.00 | -56% | 2003-11-11 |
| 34 |
Tessera Technologies Inc. | TSRA | Lehman Brothers | 8 | 18.64 | 13.00 | 43% | 2003-11-12 |
| 33 |
LECG Corp. | XPRT | UBS Investment Bank | 8 | 9.69 | 17.00 | -43% | 2003-11-13 |
| 32 |
Whiting Petroleum Holdings, Inc. | WLL | Merrill Lynch & Co. | 15 | 80.21 | 16.00 | 401% | 2003-11-19 |
| 31 |
Callidus Software Inc. | CALD | Citigroup | 5 | 5.76 | 14.00 | -59% | 2003-11-19 |
| 30 |
Buffalo Wild Wings Inc. | BWLD | RBC Capital Markets | 3 | 32.22 | 17.00 | 89% | 2003-11-20 |
| 29 |
The First Marblehead Corp. | FMD | Goldman, Sachs & Co. | 3 | 3.85 | 56.00 | -94% | 2003-11-24 |
| 28 |
Conn's Inc. | CONN | Stephens, Inc. | 4 | 17.00 | 14.00 | 21% | 2003-11-24 |
| 27 |
SIRVA Inc. | SIR | CS First Boston | 21 | 0.80 | 18.00 | -96% | 2003-11-24 |
| 26 |
Nexstar Broadcasting Group, Inc. | NXST | Banc of America Sec. LLC | 10 | 6.00 | 14.00 | -58% | 2003-11-24 |
| 25 |
Pinnacle Airlines Corp. | PNCL | Morgan Stanley Dean Witter | 19 | 8.10 | 14.00 | -43% | 2003-11-24 |
| 24 |
SYNNEX Information Technologies Inc. | SNX | Bear Stearns & Co. Inc. | 5 | 21.05 | 14.00 | 50% | 2003-11-25 |
| 23 |
Open Solutions Inc. | OPEN | Bear Stearns & Co. Inc. | 5 | /div | 17.00 | -100% | 2003-11-26 |
| 22 |
American Equity Investment Life Holding | AEL | Merrill Lynch & Co. | 19 | 9.91 | 9.00 | 10% | 2003-12-03 |
| 21 |
Aspen Insurance Holdings Ltd. | AHL | CS First Boston | 10 | 24.90 | 22.00 | 13% | 2003-12-03 |
| 20 |
Volume Services America Holdings Inc. | CVP | CIBC World Markets | 17 | 4.59 | 15.00 | -70% | 2003-12-04 |
| 19 |
Ctrip.com International Ltd. | CTRP | Merrill Lynch & Co. | 4 | 64.78 | 18.00 | 259% | 2003-12-08 |
| 18 |
NPTest, Inc. | NPTT | Citigroup | 15 | /div | 12.00 | -100% | 2003-12-10 |
| 17 |
Nelnet, Inc. | NNI | J. P. Morgan & Co. | 8 | 13.39 | 21.00 | -37% | 2003-12-10 |
| 16 |
Compass Minerals International, Inc. | CMP | Goldman, Sachs & Co. | 14 | 66.94 | 13.00 | 414% | 2003-12-11 |
| 15 |
International Steel Group | ISG | Goldman, Sachs & Co. | 16 | 21.04 | 28.00 | -25% | 2003-12-11 |
| 14 |
Central Freight Lines Inc. | CENF | Bear Stearns & Co. Inc. | 8 | /div | 15.00 | -100% | 2003-12-11 |
| 13 |
Central Freight Lines Inc. | CFL | Bear Stearns & Co. Inc. | 8 | /div | 15.00 | -100% | 2003-12-11 |
| 12 |
China Life Insurance Co. Ltd. | LFC | China International Capital | 154 | 63.88 | 19.00 | 236% | 2003-12-12 |
| 11 |
Highland Hospitality Corp. | HIH | Friedman, Billings, Ramsey & Co., Inc | 30 | 19.48 | 10.00 | 94% | 2003-12-15 |
| 10 |
United National Group Ltd. | UNGL | Merrill Lynch & Co. | 10 | 0.397 | 17.00 | -98% | 2003-12-15 |
| 9 |
Universal Technical Institute, Inc. | UTI | Bank of America Securities LLC | 8 | 11.04 | 20.00 | -45% | 2003-12-16 |
| 8 |
Falcon Financial Investment Trust | FLCN | Friedman, Billings, Ramsey & Co., Inc | 12 | 0.26 | 9.00 | -98% | 2003-12-16 |
| 7 |
Webzen, Inc. | WZEN | J. P. Morgan & Co. | 9 | 2.74 | 11.00 | -76% | 2003-12-16 |
| 6 |
Provide Commerce Inc. | PRVD | SG Cowen | 4 | /div | 15.00 | -100% | 2003-12-16 |
| 5 |
Tempur-Pedic International Inc. | TPX | Lehman Brothers | 19 | 10.69 | 14.00 | -24% | 2003-12-17 |
| 4 |
Knology Inc. | KNOL | Raymond James & Assoc. | 6 | 13.67 | 9.00 | 51% | 2003-12-17 |
| 3 |
Franklin Bank Corporation | FBTX | Friedman, Billings, Ramsey & Co., Inc | 7 | 1.090 | 14.00 | -93% | 2003-12-17 |
| 2 |
Luminent Mortgage Capital, Inc. | LUM | Friedman, Billings, Ramsey & Co., Inc | 10 | 0.22 | 13.00 | -99% | 2003-12-18 |
| 1 |
Kintera Inc. | KNTA | SG Cowen | 4 | 0.55 | 7.00 | -93% | 2003-12-18 |
