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, the global investment banking arm of Citigroup, has topped the Dealogic Korea Investment Banking Wallet League table for the first time, according to the company. The Korean division of Citi achieved a 16 percent market share in the rankings, with a total of $60 billion raised for its clients from January to August of the current year, as reported by Dealogic data.
The financing was sourced through 40 transactions this year, averaging more than one deal per week. This performance marks a record year for Citi's Korean unit, citing CGMK in a company statement.
Notably, Citi led the offering of SK hynix's $26.5 billion offering of American depositary receipts on Nasdaq in July. This was the largest U.S. initial public offering ever by a foreign issuer and the biggest equity deal to emerge from an Asian market, as per the company.
Citi anticipates continued activity in Korea's investment banking sector during the second half of the year. The company expects key financings across debt and equity capital markets to drive record issuance from the country in the capital markets sphere. According to CGMK, they have a robust pipeline of potential deals.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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