China’s Tech Giants Muscle in on IPO Market

The video explores the role of brokerages in recent Chinese IPOs in the US. These brokerages have strong ties to startups and a large customer base, allowing them to effectively promote IPOs. While they complement traditional banks, they are not yet a threat to major firms but are impacting midsized brokerages. Their growing influence is recognized, and they are often included in deals due to their extensive reach.

In what way do brokerages complement traditional banks and brokerages?

What factors contribute to the large customer base of these brokerages?