Chinese Banks Leap Ahead of Wall Street in Global IPO Rankings

Chinese lenders have leaped ahead of their Wall Street peers in global rankings for initial public offerings, as China wraps up a record year for listings which bucked one of the worst slowdowns in deals history.

CITIC Securities Co. pushed ahead of Goldman Sachs Group Inc. as the top underwriter of IPOs this year, followed by China International Capital Corp., Bloomberg league tables show. It’s the first time the top two spots are held by mainland lenders since at least 1999. Six out of the world’s top 10 IPO banks are Chinese, commanding an almost 28% market share. Citigroup ...