<\/p>\n
Citi led the market with US$54m in fees, capturing a 12.5% share.<\/p>\n
Singapore\u2019s investment banking sector recorded a strong first half in 2025, with total fees rising 38% YoY to US$432.2m, according to LSEG\u2019s latest Investment Banking Review.<\/p>\n
Citi led the market with US$54m in fees, capturing a 12.5% share.<\/p>\n
The growth was driven by broad-based gains across advisory and capital markets activities. Mergers and acquisitions (M&A) advisory fees surged 132% to US$171.1m. Equity capital markets (ECM) fees grew by 117% to US$76.2m, whilst debt capital markets (DCM) fees climbed 49% to US$80.8m. Syndicated lending was the only major segment to decline, with fees dropping 31% to US$104m.<\/p>\n
Total M&A activity involving Singapore reached US$35.2b, up 3.2% from the same period last year. Target Singapore M&A rose 69.7% to US$16.3b, and inbound M&A grew 71.9% to US$11.2b.<\/p>\n
Outbound M&A fell 28.4% to US$7.8b. The high technology sector led M&A value with US$5.9b in deals. JP Morgan was the top M&A advisor, handling US$3.7b in transactions.<\/p>\n
Equity capital markets rebounded strongly, raising US$3.1b in total proceeds\u2014an increase of 367% year-on-year. There were 16 initial public offerings (IPOs), which collectively raised US$487.6m, up 722% from a year ago.<\/p>\n
Most listings occurred outside Singapore, notably in Hong Kong and the United States. The technology sector dominated, accounting for 61.5% of ECM volume. HSBC, JP Morgan, and Morgan Stanley tied as the top ECM underwriters.<\/p>\n
Debt capital market issuance totaled US$18.9b, the highest first-half figure since 2021. Financial institutions led the segment with US$13.2b in issuance, followed by government and agencies with US$2.6b, and real estate with US$1.2b\u2014a 271.2% increase for the sector. DBS Group ranked as the top DCM bookrunner, leading US$2.3b worth of deals.<\/p>\n
Among the notable transactions, the largest equity deal was a US$1.5b convertible issuance by Grab Holdings Ltd, while the biggest M&A transaction was Baidu\u2019s US$2.1b acquisition of JOYY Inc\u2019s live streaming business.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Citi led the market with US$54m in fees, capturing a 12.5% share. Singapore\u2019s investment banking sector recorded a strong first half in 2025, with total fees rising 38% YoY to US$432.2m, according to LSEG\u2019s latest Investment Banking Review. Citi led the market with US$54m in fees, capturing a 12.5% share. The growth was driven by […]<\/p>\n","protected":false},"author":1,"featured_media":4454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/07\/Singapore-101-1140x445.webp",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/07\/Singapore-101-463x348.webp",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/07\/Singapore-101-300x200.webp",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/07\/Singapore-101-scaled.webp",2560,1708,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=4453"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4453\/revisions"}],"predecessor-version":[{"id":4455,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4453\/revisions\/4455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/4454"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=4453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=4453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=4453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}