Citi tops Korea investment banking league table after raising $60 bil. for clients
Citigroup Global Markets Korea (CGMK), Citi's investment banking franchise in Korea, ranked No. 1 in the Dealogic Korea Investment Banking Wallet League table with a 16 percent market share, the company said Wednesday. Citi raised a total of $60 billion for Korean clients across global debt and equity markets from January to August this year, according to Dealogic data. The financing came through…
Citi has topped the Korea investment banking league table after raising $60 billion for clients, according to Dealogic data. The company's Korea investment banking franchise, Citi Global Markets Korea (CGMK), secured the top spot with a 16 percent market share in the Dealogic Korea Investment Banking Wallet League table. CGMK raised the $60 billion through 40 transactions, averaging over one deal per week, making it a record year for the firm.
One notable deal was Citi's lead role in SK hynix's $26.5 billion offering of American depositary receipts (ADRs) on Nasdaq in July, which was the largest U.S. initial public offering ever by a foreign issuer and the largest equity deal ever to emerge from an Asian market. Citi anticipates continued active transaction flow in Korea's investment banking sector throughout the second half of the year, with key financings expected to drive a record year for capital markets issuance from the country.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
