Goldman Rises to Top in Hong Kong Equity Deals as Market Booms

Goldman Sachs Group Inc. claimed top ranking in Hong Kong equity sales for the first time since 2013, riding a wave of billion-dollar deals in the city after three years of lackluster activity.

So far this year, Goldman is given credit for $5.6 billion in initial and secondary offerings, beating runner-up UBS Group AG by $2 billion, helped by four mega deals, data compiled by Bloomberg showed. Back in 2022, the Wall Street giant ranked as low as 13th in the closely watched league tables.

A surge in big China deals has allowed global banks, also including Morgan Stanley, ...