Clear Street Group, a cloud-native provider of brokerage, clearing, and other capital markets services, announced terms for its IPO on Wednesday.
The New York, NY-based company plans to raise $1.0 billion by offering 23.8 million shares at a price range of $40 to $44. At the midpoint of the proposed range, Clear Street Group would command a fully diluted market value of $13.3 billion.
Cornerstone investor BlackRock indicated an interest in purchasing $200 million worth of shares on the IPO, or 20% of the deal.
The company offers a single, cloud-native, end-to-end capital markets platform powered by a single real-time ledger. Clear Street states that its platform offers trading, risk management, and financing services. The company connects its infrastructure to banks, clearing houses, depositories, brokers, and exchanges. Clear Street generates revenue primarily through net financing revenue generated from customer margin debit, credit, and short balances, as well as through commissions, clearing fees, service fees, investment banking income, and client pass-through fees.
Clear Street Group was founded in 2018 and plans to list on the Nasdaq under the symbol CLRS. Goldman Sachs, BofA Securities, Morgan Stanley, UBS Investment Bank, Clear Street, BMO Capital Markets, Barclays, RBC Capital Markets, TD Securities, Piper Sandler, CIBC World Markets, Regions Securities, BTIG, M&T Securities, Cohen & Company Securities, Hovde Group, Roberts & Ryan, Rosenblatt Securities, and Wedbush Securities are the joint bookrunners on the deal. It is expected to price the week of February 9th, 2026.
