{"id":2280,"date":"2025-12-08T22:22:13","date_gmt":"2025-12-08T14:22:13","guid":{"rendered":"https:\/\/alphasoutheastasia.com\/awards\/?page_id=2280"},"modified":"2026-09-18T19:04:44","modified_gmt":"2026-09-18T11:04:44","slug":"league-tables-2023","status":"publish","type":"page","link":"https:\/\/alphasoutheastasia.com\/awards\/league-tables-2023\/","title":{"rendered":"League Tables: Singapore"},"content":{"rendered":"\n

League Tables: Singapore<\/strong><\/p>\n\n\n\n

Leading Equity Houses: Singapore 2025<\/strong><\/p>\n\n\n\n

Leading Equity Houses in Singapore 2025<\/mark><\/strong><\/td>Proceeds (US$ Mil)<\/strong><\/td>Rank<\/strong><\/td>Market Share<\/strong><\/td>Deals<\/strong><\/td><\/tr>
DBS Group Holdings<\/td>861.32<\/td>1<\/td>12.24<\/td>10<\/td><\/tr>
JP Morgan<\/td>655.65<\/td>2<\/td>9.32<\/td>2<\/td><\/tr>
Citi<\/td>605.04<\/td>3<\/td>8.60<\/td>6<\/td><\/tr>
Morgan Stanley<\/td>601.37<\/td>4<\/td>8.55<\/td>3<\/td><\/tr>
UBS<\/td>539.67<\/td>5<\/td>7.67<\/td>6<\/td><\/tr>
HSBC Holdings PLC<\/td>532.08<\/td>6<\/td>7.56<\/td>2<\/td><\/tr>
United Overseas Bank Ltd<\/td>433.71<\/td>7<\/td>6.16<\/td>5<\/td><\/tr>
Oversea-Chinese Banking<\/td>261.64<\/td>8<\/td>3.72<\/td>5<\/td><\/tr>
Barclays<\/td>258.33<\/td>9*<\/td>3.67<\/td>2<\/td><\/tr>
BTIG LLC<\/td>258.33<\/td>9*<\/td>3.67<\/td>2<\/td><\/tr>
Cantor Fitzgerald LP<\/td>258.33<\/td>9*<\/td>3.67<\/td>2<\/td><\/tr>
Malayan Banking Bhd<\/td>242.13<\/td>12<\/td>3.44<\/td>5<\/td><\/tr>
China Construction Bank<\/td>230.33<\/td>13<\/td>3.27<\/td>2<\/td><\/tr>
CITIC<\/td>169.70<\/td>14<\/td>2.41<\/td>1<\/td><\/tr>
BofA Securities Inc<\/td>164.83<\/td>15*<\/td>2.34<\/td>1<\/td><\/tr>
Mizuho Financial Group<\/td>164.83<\/td>15*<\/td>2.34<\/td>1<\/td><\/tr>
Roth Capital Partners Inc<\/td>57.97<\/td>17<\/td>0.82<\/td>2<\/td><\/tr>
Network 1 Financial Securities<\/td>55.68<\/td>18<\/td>0.79<\/td>5<\/td><\/tr>
Investec Ltd<\/td>51.18<\/td>19<\/td>0.73<\/td>1<\/td><\/tr>
Fortune (HK) Securities Ltd<\/td>49.42<\/td>20<\/td>0.70<\/td>1<\/td><\/tr>
Bancroft Capital LLC<\/td>49.24<\/td>21<\/td>0.70<\/td>5<\/td><\/tr>
RHB<\/td>48.91<\/td>22<\/td>0.70<\/td>3<\/td><\/tr>
R. F. Lafferty<\/td>38.26<\/td>23<\/td>0.54<\/td>4<\/td><\/tr>
Goldman Sachs & Co<\/td>32.08<\/td>24<\/td>0.46<\/td>1<\/td><\/tr>
EF Hutton<\/td>30.00<\/td>25<\/td>0.43<\/td>1<\/td><\/tr>
<\/td><\/td><\/td><\/td><\/td><\/tr>
Industry total<\/mark><\/strong><\/td>7,035.10<\/strong><\/td>–<\/strong><\/td>100.00<\/strong><\/td>67<\/strong><\/td><\/tr>
Period:<\/strong> <\/mark> <\/mark>December 1, 2024- November 30, 2025<\/td><\/td><\/td><\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Leading Equity Houses: Singapore 2024<\/strong><\/p>\n\n\n\n

Leading Equity Houses in Singapore 2024<\/mark><\/strong><\/td>Proceeds (US$ Mil)<\/strong><\/td>Rank<\/strong><\/td>Market Share<\/strong><\/td>Deals<\/strong><\/td><\/tr>
JP Morgan<\/td>561.88<\/td>1<\/td>17.39<\/td>3<\/td><\/tr>
United Overseas Bank Ltd<\/td>501.25<\/td>2<\/td>15.51<\/td>5<\/td><\/tr>
BTIG LLC<\/td>330.00<\/td>3<\/td>10.21<\/td>2<\/td><\/tr>
DBS Group Holdings<\/td>189.66<\/td>4*<\/td>5.87<\/td>5<\/td><\/tr>
Oversea-Chinese Banking<\/td>189.66<\/td>4*<\/td>5.87<\/td>5<\/td><\/tr>
Barclays<\/td>180.00<\/td>6<\/td>5.57<\/td>1<\/td><\/tr>
HSBC Holdings PLC<\/td>144.98<\/td>7<\/td>4.49<\/td>3<\/td><\/tr>
SVB Financial Group<\/td>132.50<\/td>8<\/td>4.10<\/td>2<\/td><\/tr>
RHB<\/td>103.06<\/td>9<\/td>3.19<\/td>3<\/td><\/tr>
Morgan Stanley<\/td>98.24<\/td>10<\/td>3.04<\/td>2<\/td><\/tr>
Citi<\/td>89.33<\/td>11<\/td>2.76<\/td>2<\/td><\/tr>
Goldman Sachs & Co<\/td>74.49<\/td>12*<\/td>2.31<\/td>1<\/td><\/tr>
UBS<\/td>74.49<\/td>12*<\/td>2.31<\/td>1<\/td><\/tr>
DNB ASA<\/td>59.95<\/td>14*<\/td>1.86<\/td>1<\/td><\/tr>
Fearnley Fonds A\/S<\/td>59.95<\/td>14*<\/td>1.86<\/td>1<\/td><\/tr>
Pareto AS<\/td>59.95<\/td>14*<\/td>1.86<\/td>1<\/td><\/tr>
Malayan Banking Bhd<\/td>47.80<\/td>17<\/td>1.48<\/td>2<\/td><\/tr>
BofA Securities Inc<\/td>44.68<\/td>18<\/td>1.38<\/td>2<\/td><\/tr>
Huatai Securities Co Ltd<\/td>30.28<\/td>19<\/td>0.94<\/td>1<\/td><\/tr>
Maxim Group LLC<\/td>27.01<\/td>20<\/td>0.84<\/td>2<\/td><\/tr>
Mizuho Financial Group<\/td>25.00<\/td>21*<\/td>0.77<\/td>1<\/td><\/tr>
Truist Financial Corp<\/td>25.00<\/td>21*<\/td>0.77<\/td>1<\/td><\/tr>
Oaklins<\/td>21.80<\/td>23<\/td>0.67<\/td>2<\/td><\/tr>
Bancroft Capital LLC<\/td>20.25<\/td>24<\/td>0.63<\/td>2<\/td><\/tr>
Alliance Global Partners<\/td>20.00<\/td>25<\/td>0.62<\/td>2<\/td><\/tr>
<\/td><\/td><\/td><\/td><\/td><\/tr>
Industry total<\/mark><\/strong><\/td>3,231.48<\/strong><\/td>–<\/strong><\/td>100.00<\/strong><\/td>41<\/strong><\/td><\/tr>
Source:<\/strong>  LSEG<\/td><\/td><\/td><\/td><\/td><\/tr>
Period: <\/mark><\/strong>12\/01\/2023 – 11\/30\/2024<\/td><\/td><\/td><\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Leading Equity Houses: Singapore 2023<\/strong><\/p>\n\n\n\n

Leading Equity Houses in Singapore 2023<\/mark><\/strong><\/td>Proceeds (US$ Mil)<\/strong><\/td>Rank<\/strong><\/td>Market Share<\/strong><\/td>Deals<\/strong><\/td><\/tr>
Citi<\/td>684.7<\/td>1<\/td>22.4<\/td>7<\/td><\/tr>
DBS Group Holdings<\/td>524.3<\/td>2<\/td>17.2<\/td>8<\/td><\/tr>
Goldman Sachs & Co<\/td>281.6<\/td>3<\/td>9.2<\/td>1<\/td><\/tr>
BofA Securities Inc<\/td>240.8<\/td>4<\/td>7.9<\/td>2<\/td><\/tr>
Oversea-Chinese Banking<\/td>208.5<\/td>5<\/td>6.8<\/td>3<\/td><\/tr>
United Overseas Bank Ltd<\/td>206.4<\/td>6<\/td>6.8<\/td>5<\/td><\/tr>
JP Morgan<\/td>124.2<\/td>7<\/td>4.1<\/td>1<\/td><\/tr>
Morgan Stanley<\/td>120.6<\/td>8<\/td>4.0<\/td>1<\/td><\/tr>
HSBC Holdings PLC<\/td>84.0<\/td>9<\/td>2.8<\/td>2<\/td><\/tr>
UBS<\/td>75.5<\/td>10<\/td>2.5<\/td>2<\/td><\/tr>
Fearnley Fonds A\/S<\/td>73.1<\/td>11*<\/td>2.4<\/td>2<\/td><\/tr>
Pareto AS<\/td>73.1<\/td>11*<\/td>2.4<\/td>2<\/td><\/tr>
Capitalmind Investec<\/td>54.0<\/td>13<\/td>1.8<\/td>1<\/td><\/tr>
Stifel\/KBW<\/td>52.7<\/td>14<\/td>1.7<\/td>1<\/td><\/tr>
Jefferies LLC<\/td>42.5<\/td>15<\/td>1.4<\/td>1<\/td><\/tr>
Spartan Capital Securities LLC<\/td>38.5<\/td>16<\/td>1.3<\/td>3<\/td><\/tr>
EF Hutton<\/td>38.2<\/td>17<\/td>1.3<\/td>3<\/td><\/tr>
DNB ASA<\/td>30.7<\/td>18<\/td>1.0<\/td>1<\/td><\/tr>
RHB<\/td>18.1<\/td>19<\/td>.6<\/td>2<\/td><\/tr>
RHT Capital Pte Ltd<\/td>12.7<\/td>20<\/td>.4<\/td>1<\/td><\/tr>
Benchmark Co LLC<\/td>9.7<\/td>21*<\/td>.3<\/td>1<\/td><\/tr>
Oaklins<\/td>9.7<\/td>21*<\/td>.3<\/td>2<\/td><\/tr>
Maxim Group LLC<\/td>8.4<\/td>23*<\/td>.3<\/td>1<\/td><\/tr>
SAC Capital Private Ltd<\/td>8.4<\/td>23*<\/td>.3<\/td>2<\/td><\/tr>
Malayan Banking Bhd<\/td>7.8<\/td>25<\/td>.3<\/td>1<\/td><\/tr>
<\/td><\/td><\/td><\/td><\/td><\/tr>
Industry Total<\/mark><\/strong><\/td>3,054.9<\/strong><\/td>–<\/strong><\/td>100.0<\/strong><\/td>44<\/strong><\/td><\/tr>
Source: <\/strong>LSEG
Date:<\/strong> 12\/01\/2023<\/td>		<\/td><\/td><\/td><\/td><\/tr>
Period:<\/mark><\/strong> 12\/01\/2022 – 11\/30\/2023<\/td><\/td><\/td><\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Leading Equity Houses: Singapore 2022<\/strong><\/p>\n\n\n\n

Leading Equity Houses in Singapore 2022<\/mark><\/strong><\/td>Proceeds (US$ Mil)<\/strong><\/td>Rank<\/strong><\/td>Market Share<\/strong><\/td>Deals<\/strong><\/td><\/tr>
DBS Group Holdingsc<\/td>2,026.3<\/td>1<\/td>52.4<\/td>6<\/td><\/tr>
Citi<\/td>319.3<\/td>2<\/td>8.3<\/td>2<\/td><\/tr>
United Overseas Bank Ltd<\/td>300.7<\/td>3<\/td>7.8<\/td>7<\/td><\/tr>
Oversea-Chinese Banking<\/td>240.5<\/td>4<\/td>6.2<\/td>3<\/td><\/tr>
BofA Securities Inc<\/td>200.0<\/td>5<\/td>5.2<\/td>1<\/td><\/tr>
JP Morgan<\/td>153.5<\/td>6<\/td>4.0<\/td>2<\/td><\/tr>
Fearnley Fonds A\/S<\/td>95.4<\/td>7<\/td>2.5<\/td>2<\/td><\/tr>
HSBC Holdings PLC<\/td>71.2<\/td>8<\/td>1.8<\/td>1<\/td><\/tr>
KGI Financial Services Group<\/td>65.6<\/td>9<\/td>1.7<\/td>2<\/td><\/tr>
Jefferies LLC<\/td>61.5<\/td>10*<\/td>1.6<\/td>1<\/td><\/tr>
Pareto AS<\/td>61.5<\/td>10*<\/td>1.6<\/td>1<\/td><\/tr>
SVB Financial Group<\/td>54.8<\/td>12<\/td>1.4<\/td>1<\/td><\/tr>
SEB<\/td>33.9<\/td>13*<\/td>.9<\/td>1<\/td><\/tr>
Clarksons Platou Securities AS<\/td>33.9<\/td>13*<\/td>.9<\/td>1<\/td><\/tr>
Nomura<\/td>33.0<\/td>15<\/td>.9<\/td>1<\/td><\/tr>
Boustead Securities LLC<\/td>22.6<\/td>16<\/td>.6<\/td>1<\/td><\/tr>
ViewTrade Securities Inc<\/td>15.1<\/td>17<\/td>.4<\/td>1<\/td><\/tr>
SAC Capital Private Ltd<\/td>12.7<\/td>18<\/td>.3<\/td>3<\/td><\/tr>
Phillip Securities<\/td>12.0<\/td>19*<\/td>.3<\/td>1<\/td><\/tr>
RHB<\/td>12.0<\/td>19*<\/td>.3<\/td>1<\/td><\/tr>
CITIC<\/td>12.0<\/td>19*<\/td>.3<\/td>1<\/td><\/tr>
Evolve Capital Asia Pte Ltd<\/td>8.3<\/td>22<\/td>.2<\/td>2<\/td><\/tr>
Newbridge Securities<\/td>6.5<\/td>23<\/td>.2<\/td>1<\/td><\/tr>
Silverbricks Securities Co Ltd<\/td>5.5<\/td>24<\/td>.1<\/td>1<\/td><\/tr>
Soochow Securities Co Ltd<\/td>2.1<\/td>25*<\/td>.1<\/td>1<\/td><\/tr>
RHT Capital Pte Ltd<\/td>2.1<\/td>25*<\/td>.1<\/td>1<\/td><\/tr>
<\/td><\/td><\/td><\/td><\/td><\/tr>
Industry Total<\/mark><\/strong><\/td>3,867.3<\/strong><\/td>–<\/strong><\/td>100.0<\/strong><\/td>31<\/strong><\/td><\/tr>
Source:<\/strong> Refinitiv
Date:<\/strong> 12\/01\/2022<\/td>		<\/td><\/td><\/td><\/td><\/tr>
Period:<\/mark><\/strong> 12\/01\/2021 – 11\/30\/2022<\/td><\/td><\/td><\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Leading Equity Houses: Singapore 2021<\/strong><\/p>\n\n\n\n

Leading Equity Houses in Singapore 2021<\/mark><\/strong><\/td>Proceeds (US$ Mil)<\/strong><\/td>Rank<\/strong><\/td>Market Share<\/strong><\/td>Deals<\/strong><\/td><\/tr>
JP Morgan<\/td>3,964.6<\/td>1<\/td>23.3<\/td>6<\/td><\/tr>
Goldman Sachs<\/td>3,804.8<\/td>2<\/td>22.4<\/td>4<\/td><\/tr>
BofA Securities<\/td>2,439.2<\/td>3<\/td>14.4<\/td>5<\/td><\/tr>
DBS Group<\/td>1,940.1<\/td>4<\/td>11.4<\/td>19<\/td><\/tr>
Mizuho Financial Group<\/td>1,113.8<\/td>5<\/td>6.6<\/td>3<\/td><\/tr>
20 Others<\/td>3545.0<\/td>6<\/td>21.2<\/td>54<\/td><\/tr>
<\/td><\/td><\/td><\/td><\/td><\/tr>
Industry Total<\/mark><\/strong><\/td>16,985.0<\/strong><\/td>–<\/td>100.0<\/strong><\/td>57<\/strong><\/td><\/tr>
Source: <\/strong>Refinitiv
Date:<\/strong>12\/01\/2021<\/td>		<\/td><\/td><\/td><\/td><\/tr>
Period: <\/mark><\/strong>12\/01\/2020 – 11\/30\/2021<\/td><\/td><\/td><\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Leading Equity Houses: Singapore 2020<\/strong><\/p>\n\n\n\n

Leading ECM Houses in Singapore 2020<\/mark><\/strong><\/td>Proceeds (US$ Mil)<\/strong><\/td>Market Share<\/strong><\/td><\/tr>
DBS Group Holdings<\/td>2,207.8<\/td>34.1<\/td><\/tr>
HSBC Holdings PLC<\/td>910.6<\/td>14.1<\/td><\/tr>
Morgan Stanley<\/td>889.7<\/td>13.8<\/td><\/tr>
16 Others<\/td>2459.2<\/td>37.9<\/td><\/tr>
<\/td><\/td><\/td><\/tr>
Industry Total<\/mark><\/strong><\/td>6467.3<\/strong><\/td>100.0<\/strong><\/td><\/tr>
Source: <\/strong>Refinitiv<\/td><\/td><\/td><\/tr>
Period:<\/mark><\/strong>12\/01\/2019 – 11\/30\/2020<\/td><\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"ocean_front_end_style_editor":"no","ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","footnotes":""},"class_list":["post-2280","page","type-page","status-publish","hentry","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/alphasoutheastasia.com\/awards\/wp-json\/wp\/v2\/pages\/2280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphasoutheastasia.com\/awards\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/alphasoutheastasia.com\/awards\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/alphasoutheastasia.com\/awards\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/alphasoutheastasia.com\/awards\/wp-json\/wp\/v2\/comments?post=2280"}],"version-history":[{"count":43,"href":"https:\/\/alphasoutheastasia.com\/awards\/wp-json\/wp\/v2\/pages\/2280\/revisions"}],"predecessor-version":[{"id":3985,"href":"https:\/\/alphasoutheastasia.com\/awards\/wp-json\/wp\/v2\/pages\/2280\/revisions\/3985"}],"wp:attachment":[{"href":"https:\/\/alphasoutheastasia.com\/awards\/wp-json\/wp\/v2\/media?parent=2280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}