Citi predicts an increase in momentum in Asian fundraising for technology companies in the current year.
The mentioned projection was published by the specified financial institution on Thursday, January 23. The bank’s analysts mentioned developments in the area of artificial intelligence and robust activities in India and Taiwan as reasons for the realization of their expectations.
It is worth noting that Citi raised the most funds for technology companies in Asia outside Japan. The financial institution expects that in the current year, fundraising volumes in the technology, media, and telecommunications sectors in the mentioned region will grow by at least 10%. In 2024, the corresponding figure was $70 billion.
Ho-Yin Lee, the bank’s Hong Kong-based Asia investment banking head of Technology & Communications, said that driven by artificial intelligence funding, including the hardware supply chain and digital infrastructure such as data centers, towers, and fiber, will continue to underpin the issuance. It was also noted that the AI theme is very important and will continue to dominate.
Ho-Yin Lee stated that the outlook for deals in India will remain strong. There was also underlined an expectation that activity in the hardware supply chain in Taiwan would continue to be robust. As for the prospects related to Hong Kong, in this case, Ho-Yin Lee projects a few initial public offerings that were in the backlog coming to the market.
Citi assisted Asian ex-Japan clients in raising $4 billion through equity share sales and $2 billion in debt issuance last year.
As we have reported earlier, Citi Plans $20 Billion in Buybacks.
