Underwriters of largest IPOs globally 2024

Cit was the underwriter of the initial public offering (IPO) of Saudi Aramco in April 2019. At almost 29 billion U.S. dollars, this was the largest all-time IPO globally as of October 2021. This was followed by Alibaba's 2014 IPO worth just over 21 billion U.S. dollars, underwritten by Credit Suisse. Who were the leading underwriters in the U.S.? Underwriting is the process through which an investment bank (the underwriter) acts as a broker between the issuing company and the investing public to help the issuing company sell its initial set of shares. As of October 2021, the underwriters of the largest IPOs in the United States were Goldman Sachs, Credit Suisse, and JP Morgan – the combined value of their underwritten IPOs reaching almost 70 billion U.S. dollars. When taking a company public, investment banks charge underwriting fees, which are the largest single direct cost associated with an IPO. In 2020, the underwriting fees for deals in the U.S. which were valued between 500 million and one billion U.S. dollars, amounted to more than five percent of the gross proceeds from the offering. What does the global IPO market look like? Going public is typically a way for private companies to raise capital for expansion, although venture capitalists can also use IPOs as exit strategies. In 2020, mainland China had the largest number of traditional IPOs than any other region worldwide. This was followed by the United States, which saw a significant increase in the number of IPOs that year.

沙特阿拉伯国家石油公司（Saudi Aramco）的首次公开募股（IPO）于2019年4月进行，由Cit担任承销商。截至2021年10月，该IPO的募资金额高达近290亿美元，成为全球有史以来规模最大的IPO。紧随其后的是阿里巴巴集团在2014年的IPO，募资金额略超过210亿美元，由瑞士信贷集团（Credit Suisse）承销。那么，美国市场中的主要承销商是哪些呢？承销是指投资银行（承销商）在发行公司与投资公众之间充当经纪人角色，以协助发行公司出售其首批股票的过程。截至2021年10月，美国最大IPO的承销商为高盛（Goldman Sachs）、瑞士信贷集团（Credit Suisse）和摩根大通（JP Morgan），其承销的IPO总价值接近700亿美元。在将公司上市的过程中，投资银行会收取承销费用，这是与IPO相关的最大单一直接成本。2020年，美国市场价值在5亿至10亿美元之间的交易承销费用占总发行收益的超过5%。全球IPO市场呈现何种景象？上市通常被视为私营公司为扩张筹集资本的一种方式，尽管风险投资家也可以利用IPO作为退出策略。2020年，中国大陆地区在全球范围内拥有最多的传统IPO数量，其次是美国，该年度美国IPO数量显著增加。