Citigroup Overtakes Goldman Sachs as Top Global IPO Underwriter

Key Facts

1Citigroup led the global IPO underwriting rankings by value through the end of September.

2Citigroup edged out Goldman Sachs to secure the top spot in global IPO market share.

Citigroup led the global IPO underwriting rankings by value through the end of September 2026. Seeking Alpha reported that the bank edged out its traditional rival Goldman Sachs in global IPO market share, securing the top spot for underwriting during the first nine months of the year.

Citigroup, trading under the ticker C, closed at $128.55 on October 5, 2026, while Goldman Sachs (GS) closed at $893.46 on the same date. Within the broader financial sector, JPMorgan Chase closed at $332.38 and Bank of America closed at $54 on October 5, 2026, as major investment banks continue to compete for global deal flow.