Press release: Citi: TMT fundraising outlook for 2025
Published: Jan 2025
23rd January 2025 – In 2024, around US$70bn was raised by Asian tech companies from global capital markets across debt and equity markets. Citi was the #1 bank for Asia ex-Japan Technology, Media and Telecom (TMT) fundraising in 2024.
In 2025, “Citi expects higher volumes in the region across the TMT sector and is forecasting issuance to grow by at least 10%,” said Ho-Yin Lee, the bank’s Hong Kong based Asia head of Technology & Communications, Investment Banking.
We expect to see largely a continuation of 2024 trends, in particular in AI. AI driven funding across the region – hardware supply chain and digital infrastructure (data centers, tower, fiber) as examples – will continue to underpin issuance.
Shareholder returns remain a big focus in Asia, including share buybacks and dividends from tech companies.
Investors are increasingly re-focused on growth in addition to profitability. Expected stronger markets and economic growth globally is likely to also bring stronger fundraising from both private and public markets.
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