Dominari Holdings Inc. (NASDAQ: DOMH) disclosed that its subsidiary Dominari Securities LLC received a March 8 letter from the U.S. House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party requesting information about underwriting initial public offerings by Chinese companies.

Chief Executive Anthony Hayes stated in a shareholder letter that the company intends to cooperate with the committee's inquiry. Hayes emphasized that IPO activity has represented less than 10% of Dominari's total investment banking revenue since the company's 2023 inception, with Chinese IPO revenue comprising only a fraction of that amount.

"More than 90% of Dominari's total investment banking revenue was generated from non-IPO activity," Hayes wrote. He noted that the company ceased Chinese IPO involvement in 2024 and ended Hong Kong IPO activity in mid-2025.

Hayes highlighted recent transactions including raising $345 million for New America Acquisition I Corp. in January and serving as exclusive placement agent for Unusual Machines Inc. on two secondary offerings totaling $88.5 million in 2025.

The company reported raising over $1.4 billion year-to-date in 2025 according to an October shareholder letter referenced in the announcement.

Dominari operates through subsidiaries engaged in wealth management, investment banking, sales and trading, and asset management. The holding company also seeks opportunities in artificial intelligence and data center sectors beyond its current financial services operations.