Investment banks operate in the

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Investment banks operate primarily in the primary market, where they help companies raise capital by underwriting new securities that are issued to the public. They also provide other financial services such as mergers and acquisitions, risk management, and strategic advice. Investment banks may also participate in the secondary market, but their primary focus is on the primary market. Syndicated and money markets are not the primary focus of investment banks, although they may participate in those markets as well.

Investment Banks Operate in the