Citi leads global IPO underwriting surpassing Goldman Sachs

Citi has secured its position as the leading firm in global IPO underwriting for the year through September, surpassing long-time rival Goldman Sachs. This shift comes on the heels of several high-profile listings, including SpaceX, SK Hynix, and the National Stock Exchange of India (NSE). These share sales represent some of the largest offerings in both Asia and the US markets, significantly boosting Citi’s standing.

The move underscores Citi’s growing dominance in the IPO market, particularly in key regions like Asia. The bank’s ability to attract major listings has been a crucial factor in its rise to the top. Goldman Sachs, which had previously held the top spot, now faces competition from a resurgent Citi.

The success of these listings highlights the continued strength of the IPO market, even amid varying economic conditions. Citi’s leadership in this space suggests a strong pipeline of upcoming offerings, which could further cement its position in the coming months.