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Citi Leads Korean IB League Table with $60 Billion in Deals
Finance · Investment Banks/Brokers · yonhap_finance · 2026-08-26
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Citigroup Global Markets Korea has secured the top spot in the local investment banking market, driven by major deals including SK Hynix's massive IPO.
What Happened
Top Market Position: Citigroup Global Markets Korea (CGMK) has topped the Korean investment banking (IB) revenue league table with a 16% market share. The firm has successfully managed 40 transactions totaling $60 billion in capital raising so far this year.
Key Transaction Highlights: A significant achievement was serving as the lead underwriter for SK Hynix's $26.5 billion US IPO. This transaction stands as the largest-ever US IPO by a foreign company and the largest American Depositary Receipt (ADR) issuance in the Asian market.
Market Outlook: Citi anticipates robust activity in the Korean capital markets through the second half of the year. The firm expects continued M&A momentum across diverse sectors, including technology, consumer goods, and healthcare.
Global Expansion Trends: CGMK CEO Park Jang-ho noted that as Korean companies accelerate their global expansion, demand for strategic advisory and capital raising services is rising. Citi plans to leverage its extensive global network to support these evolving corporate needs.