Tiger Broker's IPO Deep Dive: Interactive Brokers Implications?

|
About: Interactive Brokers Group, Inc. (IBKR), Includes: TIGR
by: Value Vault
This article is exclusive for subscribers.
Value Vault
Long only, long/short equity, special situations, long-term horizon
Summary

I’ll share learnings from reading the SEC prospectus that Chinese Tiger Brokers filed pre-IPO.

My main takeaway is that the money raised in the IPO will be highly beneficial to Interactive Brokers shareholders.

Tiger Brokers is the largest and fastest growing introducing broker to Interactive Brokers.

I estimate IBKR's profits from TIGR to be almost as large as TIGR's revenues.

Tiger Brokers (NASDAQ:TIGR) describes itself as the largest online broker focused on

  • Mandarin speakers
  • offering international brokerage.

Tiger Brokers intends to IPO shortly and filed its F-1 on the SEC website (see here