Korea Investment & Securities regained the number one spot in South Korea’s initial public offering (IPO) markets in 2020, ahead of NH Investment & Securities.

The company underwrote 17 IPO deals worth 1.1 trillion won ($1 billion) during the year, according to thebell’s league tables. Its market share stood at 18.68%.

NH Investment & Securities, which had retained the top spot until November, underwrote deals worth 908.9 billion won with a market share of 15.31%. Notable deals included the blockbuster IPO of SK Biopharm (959.3 billion won) and it acted as an underwriter of Wireless Power Amplifier Module and KORAMCO Energy Plus REIT.

However, Korea Investment & Securities overtook NH Investment & Securities on the big-ticket listing of BTS label Big Hit Entertainment, with the two firms acting as joint underwriters. Korea Investment & Securities also jointly underwrote the IPO of Kakao Games with Samsung Securities and the IPOs of ESR Kendall Square REIT, Precision Biosensor, Genome & Company and Sukgyung AT in December.

Mirae Asset Daewoo secured third position, underwriting 20 deals worth 884.1 billion won, with clients including ME2ZEN, Kyochon Food & Beverage and Wonbang Tech.

Samsung Securities sat in fourth place, underwriting deals worth 513.4 billion won. KB Securities and Meritz Securities secured fifth and sixth positions, after jointly arranging an IPO for JR Global REIT. (Reporting by Jung-woo Yang)