First Metro Investment Corporation and First Metro Securities have been recognized by Hong Kong-based financial publication, Finance Asia, for their excellence in investment banking and navigating the financial markets.
Meanwhile, FirstMetroSec, the stock brokerage arm of the Metrobank Group, was given the Best Broker title, citing its posted growth in terms of revenues, client base, and trading volume. Its delivery of real-time market and economic news, and trading insights to customers were also underscored by Finance Asia for the stock brokerage’s recognition.
During the awards covered period, First Metro orchestrated 15 capital market transactions, raising a total of P449.22 billion. This represents a commanding 78 percent market share of the combined P575.42 billion raised for bonds and equities. In the equity space, First Metro was the sole issue manager, sole bookrunner and joint lead underwriter of the P1.65 billion IPO of Upson International Corp., the owner and operator of the largest computer store, Octagon.
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