<\/p>\n
Citi emerges tops with a 12.7% wallet share.<\/p>\n
Investment banking fees in Singapore reached about US$187.8 million in the first quarter of 2026, marking an 8.2 per cent year-on-year (yoy) increase and the strongest opening quarter for the industry in three years.<\/p>\n
The London Stock Exchange Group\u2019s (LSEG) Singapore Investment Banking Review report for Q1 showed that Citigroup was the top fee earner in Singapore\u2019s investment banking league table. It received US$23.9 million, or a 12.7 per cent wallet share of the total fee pool.<\/p>\n
Equity capital markets (ECM) underwriting fees totalled US$57.3 million, which LSEG noted as \u201crising more than sevenfold\u201d from a year ago. \u00a0<\/span><\/p>\n The three initial public offerings (IPOs) on the Singapore Exchange during the quarter raised a 13-year-high figure of US$791.9 million.<\/p>\n LSEG noted that the US$944.3 million IPO of\u00a0 <\/span>UI Boustead Reit\u00a0 <\/span>: UIBU 0%, which included public and private placement tranches, is the \u201clargest offering so far this year and the biggest in the region since 2017\u201d.<\/p>\n By sector, real estate issuers accounted for 81.5 per cent of ECM proceeds, raising US$2.2 billion, supported by substantial real estate investment trust (Reit) offerings. Four of the top five deals this year came from Reits.<\/p>\n The high-technology sector followed, with a 14.6 per cent market share, raising US$388.9 million. Healthcare came in third, contributing 3.4 per cent of the total proceeds.\u00a0<\/span><\/p>\n DBS Group took the top position in the Singapore-domiciled equity, equity-linked underwriting league table for Q1, with US$564.4 million in related proceeds, LSEG said.<\/p>\n As for debt capital markets, primary bond offerings from Singapore-domiciled issuers reached US$8.8 billion, a 30.7 per cent decline from a year earlier.<\/p>\n This was dominated by Singaporean issuers from the financial sector, which captured a 72.8 per cent market share worth US$6.3 billion. Activity was supported by major offerings from DBS Bank, UOB and OCBC.<\/p>\n In the primary bond market, the number of issues fell 30 per cent to a three-year low.\u00a0<\/span><\/p>\n Meanwhile, M&A transactions involving Singapore hit an all-time high of US$51.6 billion in value. This came even as the number of announced deals declined 33.5 per cent to the lowest level since 2015.<\/p>\n Five transactions above US$1 billion contributed US$41.5 billion, accounting for over 80 per cent of quarterly activity.<\/p>\n Domestic M&A activity trebled to US$7.2 billion, marking the strongest Q1 result since 2020. Outbound M&A reached a record US$33.7 billion, while inbound M&A grew 6.6 per cent yoy to US$3.5 billion.<\/p>\n By sector, high technology was the most targeted industry involving Singapore by value, capturing a 74.4 per cent market share worth US$38.4 billion.<\/p>\n This was followed by telecommunications, where dealmaking totalled US$3.9 billion, and real estate, which was up 69.7 per cent yoy at US$2.3 billion.<\/p>\n Morgan Stanley topped the league table for M&A involving Singapore, with related transactions amounting to US$8.3 billion.<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" Citi emerges tops with a 12.7% wallet share. Investment banking fees in Singapore reached about US$187.8 million in the first quarter of 2026, marking an 8.2 per cent year-on-year (yoy) increase and the strongest opening quarter for the industry in three years. The London Stock Exchange Group\u2019s (LSEG) Singapore Investment Banking Review report for Q1 […]<\/p>\n","protected":false},"author":1,"featured_media":5842,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/04\/Singapore-63.jpg",620,412,false],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/04\/Singapore-63-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/04\/Singapore-63-300x199.jpg",300,199,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/04\/Singapore-63.jpg",620,412,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5841","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=5841"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5841\/revisions"}],"predecessor-version":[{"id":5843,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5841\/revisions\/5843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/5842"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=5841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=5841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=5841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}