League Tables: Singapore
Leading Equity Houses: Singapore 2025
| Leading Equity Houses in Singapore 2025 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| DBS Group Holdings | 861.32 | 1 | 12.24 | 10 |
| JP Morgan | 655.65 | 2 | 9.32 | 2 |
| Citi | 605.04 | 3 | 8.60 | 6 |
| Morgan Stanley | 601.37 | 4 | 8.55 | 3 |
| UBS | 539.67 | 5 | 7.67 | 6 |
| HSBC Holdings PLC | 532.08 | 6 | 7.56 | 2 |
| United Overseas Bank Ltd | 433.71 | 7 | 6.16 | 5 |
| Oversea-Chinese Banking | 261.64 | 8 | 3.72 | 5 |
| Barclays | 258.33 | 9* | 3.67 | 2 |
| BTIG LLC | 258.33 | 9* | 3.67 | 2 |
| Cantor Fitzgerald LP | 258.33 | 9* | 3.67 | 2 |
| Malayan Banking Bhd | 242.13 | 12 | 3.44 | 5 |
| China Construction Bank | 230.33 | 13 | 3.27 | 2 |
| CITIC | 169.70 | 14 | 2.41 | 1 |
| BofA Securities Inc | 164.83 | 15* | 2.34 | 1 |
| Mizuho Financial Group | 164.83 | 15* | 2.34 | 1 |
| Roth Capital Partners Inc | 57.97 | 17 | 0.82 | 2 |
| Network 1 Financial Securities | 55.68 | 18 | 0.79 | 5 |
| Investec Ltd | 51.18 | 19 | 0.73 | 1 |
| Fortune (HK) Securities Ltd | 49.42 | 20 | 0.70 | 1 |
| Bancroft Capital LLC | 49.24 | 21 | 0.70 | 5 |
| RHB | 48.91 | 22 | 0.70 | 3 |
| R. F. Lafferty | 38.26 | 23 | 0.54 | 4 |
| Goldman Sachs & Co | 32.08 | 24 | 0.46 | 1 |
| EF Hutton | 30.00 | 25 | 0.43 | 1 |
| Industry total | 7,035.10 | – | 100.00 | 67 |
| Period: December 1, 2024- November 30, 2025 |
Leading Equity Houses: Singapore 2024
| Leading Equity Houses in Singapore 2024 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| JP Morgan | 561.88 | 1 | 17.39 | 3 |
| United Overseas Bank Ltd | 501.25 | 2 | 15.51 | 5 |
| BTIG LLC | 330.00 | 3 | 10.21 | 2 |
| DBS Group Holdings | 189.66 | 4* | 5.87 | 5 |
| Oversea-Chinese Banking | 189.66 | 4* | 5.87 | 5 |
| Barclays | 180.00 | 6 | 5.57 | 1 |
| HSBC Holdings PLC | 144.98 | 7 | 4.49 | 3 |
| SVB Financial Group | 132.50 | 8 | 4.10 | 2 |
| RHB | 103.06 | 9 | 3.19 | 3 |
| Morgan Stanley | 98.24 | 10 | 3.04 | 2 |
| Citi | 89.33 | 11 | 2.76 | 2 |
| Goldman Sachs & Co | 74.49 | 12* | 2.31 | 1 |
| UBS | 74.49 | 12* | 2.31 | 1 |
| DNB ASA | 59.95 | 14* | 1.86 | 1 |
| Fearnley Fonds A/S | 59.95 | 14* | 1.86 | 1 |
| Pareto AS | 59.95 | 14* | 1.86 | 1 |
| Malayan Banking Bhd | 47.80 | 17 | 1.48 | 2 |
| BofA Securities Inc | 44.68 | 18 | 1.38 | 2 |
| Huatai Securities Co Ltd | 30.28 | 19 | 0.94 | 1 |
| Maxim Group LLC | 27.01 | 20 | 0.84 | 2 |
| Mizuho Financial Group | 25.00 | 21* | 0.77 | 1 |
| Truist Financial Corp | 25.00 | 21* | 0.77 | 1 |
| Oaklins | 21.80 | 23 | 0.67 | 2 |
| Bancroft Capital LLC | 20.25 | 24 | 0.63 | 2 |
| Alliance Global Partners | 20.00 | 25 | 0.62 | 2 |
| Industry total | 3,231.48 | – | 100.00 | 41 |
| Source: LSEG | ||||
| Period: 12/01/2023 – 11/30/2024 |
Leading Equity Houses: Singapore 2023
| Leading Equity Houses in Singapore 2023 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| Citi | 684.7 | 1 | 22.4 | 7 |
| DBS Group Holdings | 524.3 | 2 | 17.2 | 8 |
| Goldman Sachs & Co | 281.6 | 3 | 9.2 | 1 |
| BofA Securities Inc | 240.8 | 4 | 7.9 | 2 |
| Oversea-Chinese Banking | 208.5 | 5 | 6.8 | 3 |
| United Overseas Bank Ltd | 206.4 | 6 | 6.8 | 5 |
| JP Morgan | 124.2 | 7 | 4.1 | 1 |
| Morgan Stanley | 120.6 | 8 | 4.0 | 1 |
| HSBC Holdings PLC | 84.0 | 9 | 2.8 | 2 |
| UBS | 75.5 | 10 | 2.5 | 2 |
| Fearnley Fonds A/S | 73.1 | 11* | 2.4 | 2 |
| Pareto AS | 73.1 | 11* | 2.4 | 2 |
| Capitalmind Investec | 54.0 | 13 | 1.8 | 1 |
| Stifel/KBW | 52.7 | 14 | 1.7 | 1 |
| Jefferies LLC | 42.5 | 15 | 1.4 | 1 |
| Spartan Capital Securities LLC | 38.5 | 16 | 1.3 | 3 |
| EF Hutton | 38.2 | 17 | 1.3 | 3 |
| DNB ASA | 30.7 | 18 | 1.0 | 1 |
| RHB | 18.1 | 19 | .6 | 2 |
| RHT Capital Pte Ltd | 12.7 | 20 | .4 | 1 |
| Benchmark Co LLC | 9.7 | 21* | .3 | 1 |
| Oaklins | 9.7 | 21* | .3 | 2 |
| Maxim Group LLC | 8.4 | 23* | .3 | 1 |
| SAC Capital Private Ltd | 8.4 | 23* | .3 | 2 |
| Malayan Banking Bhd | 7.8 | 25 | .3 | 1 |
| Industry Total | 3,054.9 | – | 100.0 | 44 |
| Source: LSEG Date: 12/01/2023 | ||||
| Period: 12/01/2022 – 11/30/2023 |
Leading Equity Houses: Singapore 2022
| Leading Equity Houses in Singapore 2022 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| DBS Group Holdingsc | 2,026.3 | 1 | 52.4 | 6 |
| Citi | 319.3 | 2 | 8.3 | 2 |
| United Overseas Bank Ltd | 300.7 | 3 | 7.8 | 7 |
| Oversea-Chinese Banking | 240.5 | 4 | 6.2 | 3 |
| BofA Securities Inc | 200.0 | 5 | 5.2 | 1 |
| JP Morgan | 153.5 | 6 | 4.0 | 2 |
| Fearnley Fonds A/S | 95.4 | 7 | 2.5 | 2 |
| HSBC Holdings PLC | 71.2 | 8 | 1.8 | 1 |
| KGI Financial Services Group | 65.6 | 9 | 1.7 | 2 |
| Jefferies LLC | 61.5 | 10* | 1.6 | 1 |
| Pareto AS | 61.5 | 10* | 1.6 | 1 |
| SVB Financial Group | 54.8 | 12 | 1.4 | 1 |
| SEB | 33.9 | 13* | .9 | 1 |
| Clarksons Platou Securities AS | 33.9 | 13* | .9 | 1 |
| Nomura | 33.0 | 15 | .9 | 1 |
| Boustead Securities LLC | 22.6 | 16 | .6 | 1 |
| ViewTrade Securities Inc | 15.1 | 17 | .4 | 1 |
| SAC Capital Private Ltd | 12.7 | 18 | .3 | 3 |
| Phillip Securities | 12.0 | 19* | .3 | 1 |
| RHB | 12.0 | 19* | .3 | 1 |
| CITIC | 12.0 | 19* | .3 | 1 |
| Evolve Capital Asia Pte Ltd | 8.3 | 22 | .2 | 2 |
| Newbridge Securities | 6.5 | 23 | .2 | 1 |
| Silverbricks Securities Co Ltd | 5.5 | 24 | .1 | 1 |
| Soochow Securities Co Ltd | 2.1 | 25* | .1 | 1 |
| RHT Capital Pte Ltd | 2.1 | 25* | .1 | 1 |
| Industry Total | 3,867.3 | – | 100.0 | 31 |
| Source: Refinitiv Date: 12/01/2022 | ||||
| Period: 12/01/2021 – 11/30/2022 |
Leading Equity Houses: Singapore 2021
| Leading Equity Houses in Singapore 2021 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| JP Morgan | 3,964.6 | 1 | 23.3 | 6 |
| Goldman Sachs | 3,804.8 | 2 | 22.4 | 4 |
| BofA Securities | 2,439.2 | 3 | 14.4 | 5 |
| DBS Group | 1,940.1 | 4 | 11.4 | 19 |
| Mizuho Financial Group | 1,113.8 | 5 | 6.6 | 3 |
| 20 Others | 3545.0 | 6 | 21.2 | 54 |
| Industry Total | 16,985.0 | – | 100.0 | 57 |
| Source: Refinitiv Date:12/01/2021 | ||||
| Period: 12/01/2020 – 11/30/2021 |
Leading Equity Houses: Singapore 2020
| Leading ECM Houses in Singapore 2020 | Proceeds (US$ Mil) | Market Share |
| DBS Group Holdings | 2,207.8 | 34.1 |
| HSBC Holdings PLC | 910.6 | 14.1 |
| Morgan Stanley | 889.7 | 13.8 |
| 16 Others | 2459.2 | 37.9 |
| Industry Total | 6467.3 | 100.0 |
| Source: Refinitiv | ||
| Period:12/01/2019 – 11/30/2020 |
Leading Bond Houses: Singapore 2025
| Leading Bond Houses in Singapore 2025 | Amount (US$ Mil) | Rank | Market Share | Deals |
| Oversea-Chinese Banking | 6,933.91 | 1 | 24.57 | 54 |
| DBS Group Holdings | 6,572.40 | 2 | 23.29 | 64 |
| United Overseas Bank Ltd | 4,861.81 | 3 | 17.23 | 41 |
| HSBC Holdings PLC | 3,286.81 | 4 | 11.65 | 22 |
| Standard Chartered PLC | 2,293.89 | 5 | 8.13 | 15 |
| Bank of China Ltd | 1,355.97 | 6 | 4.81 | 7 |
| ANZ Banking Group | 702.50 | 7 | 2.49 | 4 |
| CIMB Group Holdings Bhd | 610.26 | 8 | 2.16 | 7 |
| China Construction Bank | 447.22 | 9 | 1.59 | 3 |
| Credit Agricole CIB | 304.75 | 10 | 1.08 | 7 |
| ICBC | 213.89 | 11 | 0.76 | 2 |
| Barclays | 143.33 | 12 | 0.51 | 2 |
| Nomura | 83.33 | 13 | 0.30 | 1 |
| Deutsche Bank | 75.00 | 14 | 0.27 | 2 |
| Natixis | 60.00 | 15 | 0.21 | 1 |
| Agricultural Bank of China | 38.89 | 16* | 0.14 | 1 |
| China Galaxy Securities Co | 38.89 | 16* | 0.14 | 1 |
| CMBC International Capital Ltd | 38.89 | 16* | 0.14 | 1 |
| Huaxia Bank Co Ltd | 38.89 | 16* | 0.14 | 1 |
| Citi | 30.00 | 20 | 0.11 | 1 |
| JP Morgan | 25.00 | 21 | 0.09 | 1 |
| Industry total | 28,215.38 | – | 100.00 | 111 |
| Period: 12/01/2024 – 11/30/2025 |
Leading Bond Houses: Singapore 2024
| Leading Bond Houses in Singapore 2024 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| United Overseas Bank Ltd | 5,538.36 | 1 | 21.02 | 33 |
| Oversea-Chinese Banking | 5,411.47 | 2 | 20.54 | 47 |
| DBS Group Holdings | 5,341.66 | 3 | 20.27 | 48 |
| HSBC Holdings PLC | 3,252.86 | 4 | 12.34 | 16 |
| Standard Chartered PLC | 2,784.53 | 5 | 10.57 | 18 |
| ANZ Banking Group | 841.67 | 6 | 3.19 | 4 |
| Deutsche Bank | 814.67 | 7 | 3.09 | 5 |
| Citi | 485.36 | 8 | 1.84 | 1 |
| CIMB Group Holdings Bhd | 259.50 | 9 | 0.98 | 6 |
| UBS | 244.33 | 10 | 0.93 | 3 |
| BNP Paribas SA | 220.00 | 11 | 0.83 | 2 |
| Bank of China Ltd | 200.00 | 12* | 0.76 | 1 |
| ICBC | 200.00 | 12* | 0.76 | 1 |
| China Construction Bank | 180.00 | 14 | 0.68 | 1 |
| Credit Agricole CIB | 127.00 | 15 | 0.48 | 2 |
| Barclays | 100.00 | 16* | 0.38 | 1 |
| Nomura | 100.00 | 16* | 0.38 | 1 |
| Natixis | 80.00 | 18 | 0.30 | 1 |
| Malayan Banking Bhd | 63.00 | 19 | 0.24 | 2 |
| ING | 50.00 | 20* | 0.19 | 1 |
| TD Securities Inc | 50.00 | 20* | 0.19 | 1 |
| Bank of New York Mellon Corp | 5.50 | 22 | 0.02 | 1 |
| Industry total | 26,349.90 | – | 100.00 | 76 |
| Source: LSEG Date: 12/03/2024 | ||||
| Period: 12/01/2023 – 12/02/2024 |
Leading Bond Houses: Singapore 2023
| Leading Bond Houses in Singapore 2023 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| DBS Group Holdings | 3,305.9 | 1 | 25.4 | 24 |
| Oversea-Chinese Banking | 3,111.4 | 2 | 23.9 | 19 |
| United Overseas Bank Ltd | 2,695.9 | 3 | 20.7 | 17 |
| HSBC Holdings PLC | 1,256.7 | 4 | 9.7 | 10 |
| Standard Chartered PLC | 1,250.9 | 5 | 9.6 | 7 |
| Citi | 545.9 | 6 | 4.2 | 1 |
| Credit Agricole CIB | 254.2 | 7 | 2.0 | 2 |
| Commerzbank AG | 150.0 | 8 | 1.2 | 2 |
| CIMB Group Holdings Bhd | 125.7 | 9 | 1.0 | 2 |
| BNP Paribas SA | 120.0 | 10 | .9 | 1 |
| Barclays | 80.0 | 11 | .6 | 1 |
| Deutsche Bank | 50.0 | 12 | .4 | 1 |
| Malayan Banking Bhd | 30.0 | 13 | .2 | 1 |
| Morgan Stanley | 25.0 | 14 | .2 | 1 |
| Industry Total | 13,001.7 | – | 100.0 | 39 |
| Source: LSEG Date: 12/01/2023 | ||||
| Period: 12/01/2022 – 11/30/2023 |
Leading Bond Houses: Singapore 2021
| Leading Bond Houses in Singapore 2021 | Amount (US$ Mil) | Rank | Market Share | Deals |
| DBS Group | 7,929.9 | 1 | 31.1 | 50 |
| United Overseas Bank | 5,054.3 | 2 | 19.8 | 32 |
| OCBC | 4,522.5 | 3 | 17.8 | 33 |
| HSBC Holdings | 2,900.3 | 4 | 11.4 | 19 |
| Standard Chartered | 2,210.8 | 5 | 8.7 | 14 |
| 18 Others | 2868.0 | 6 | 11.8 | 34 |
| Industry Total | 25,485.6 | – | 100.0 | 77 |
| Source: Refinitiv | ||||
| Period: 12/01/2020 – 11/30/2021 |
Leading Bond Houses: Singapore 2020
| Book Runner 2020 | Amount (SGD Mil) | Market Share |
| DBS Group Holdings | 5,531.9 | 37.2 |
| United Overseas Bank Ltd | 2,711.4 | 18.2 |
| Oversea-Chinese Banking | 2,553.9 | 17.2 |
| 25 Others | 3,805.1 | 25.5 |
| Subtotal with Book Runner | 14882.1 | 100 |
| Source: Refinitiv | ||
| Period: 12/01/2019 – 11/30/2020 |