Deeply involved in star IPO projects, brokerage firms accelerate the realization of dividends through the "investment + investment banking" model.

Recently, Yushu Technology has simultaneously launched online and offline subscription. The offering price is 150.80 RMB per share, with total fundraising expected to be approximately 6.099 billion RMB. According to the Tianyancha App, more than a dozen securities firms have appeared in the equity structure of Yushu Technology through various means, such as alternative investment subsidiaries, private equity funds, and industrial funds. From Yushu Technology to Changxin Technology, which previously listed on the STAR Market, securities firms have invested real capital earlier in the growth process of hard-tech companies. Industry insiders believe that this "investment + investment banking" business synergy is becoming an important pathway for securities firms to serve technology enterprises and is also becoming a driving force for their profitability.