Citi's Asia IPO haul underpins record YTD for investment banking

Mega initial public offerings (IPOs) for the likes of Zomato in India and XPeng in Hong Kong have taken Citi to the top ranked international bank position for IPOs in Asia, having led 28 IPOs in the region year to date. Citi has to date raised over US$30 billion from IPOs for Asian clients as more companies turn to Citi to lead their share offerings across markets such as Hong Kong, India, Indonesia, Korea and the Philippines this year. "The competitive advantages of a global network and a strong local banking network across the region mean there are multiple engines…