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.
Underwriters of largest IPOs worldwide as of June 2022
(in billion U.S. dollars)
Underwriter Company, IPO date
Deal size in billion U.S. dollars
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Renaissance Capital. (July 4, 2023). Underwriters of largest IPOs worldwide as of June 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/1271999/underwriters-of-largest-ipos-global/
Renaissance Capital. "Underwriters of largest IPOs worldwide as of June 2022 (in billion U.S. dollars)." Chart. July 4, 2023. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/1271999/underwriters-of-largest-ipos-global/
Renaissance Capital. (2023). Underwriters of largest IPOs worldwide as of June 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/1271999/underwriters-of-largest-ipos-global/
Renaissance Capital. "Underwriters of Largest Ipos Worldwide as of June 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 4 Jul 2023, https://www.statista.com/statistics/1271999/underwriters-of-largest-ipos-global/
Renaissance Capital, Underwriters of largest IPOs worldwide as of June 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1271999/underwriters-of-largest-ipos-global/ (last visited June 18, 2024)
Underwriters of largest IPOs worldwide as of June 2022 (in billion U.S. dollars) [Graph], Renaissance Capital, July 4, 2023. [Online]. Available: https://www.statista.com/statistics/1271999/underwriters-of-largest-ipos-global/