Investment Banking

IPOs push Citi ahead in Germany

The US investment bank has leapfrogged local rival Deutsche Bank in the German IPO rankings after a string of deals

IPOs push Citi ahead in Germany

Citigroup’s role on some of Germany’s largest flotations this year means that Deutsche Bank could find itself facing a surprising new rival when it comes to local initial public offerings.

The US bank, which ranked sixth by value of German IPOs worked on this time a year ago, has now leapfrogged Deutsche to the top of Germany's IPO league tables, having worked on $1 billion of the $7.7 billion worth of deals that have taken place so far this year.

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