Underwriter Performance Report

Period Covered: 04/2007 - 06/2007

(only includes IPOs for which underwriter served as the lead underwriter )

Morgan Stanley
1251 Avenue of Americans Number of Offerings: 10
New York, NYTotal Amount Raised: $5481.7 Mil.
Telephone: 212-703-4000Avg. Amount per Deal: $548.2 Mil.
Internet: http://www.ms.com/Avg. Company Market Val.: $1241.2 Mil.
 Avg. Percent Change: +8.48 %
 
Name Symbol Offer Date Offer
Price
Close Price
on 06/29/07
Percent
Change
Amount
Raised $Mil.
Cavium Networks Inc.CAVM05/02/07$13.50$22.62+67.5%$91.1
Biodel Inc.BIOD05/11/07$15.00$19.80+32.0%$75.0
AECOM Technology Corp.ACM05/10/07$20.00$24.81+24.5%$398.1
LDK Solar Co. Ltd.LDK06/01/07$27.00$31.30+15.2%$361.6
Spreadtrum Communications Inc.SPRD06/27/07$14.00$14.53+3.8%$112.0
The Blackstone Group L.P.BX06/22/07$31.00$29.27N/A$4133.3
TechTarget Inc.TTGT05/17/07$13.00$12.85-1.5%$83.6
Jazz Pharmaceuticals Inc.JAZZ06/01/07$18.00$16.00-11.1%$108.0
NeurogesX Inc.NGSX05/02/07$11.00$8.51-22.3%$44.0
Amicus Therapeutics Inc.FOLD05/31/07$15.00$11.50-23.3%$75.0