Clear Street Group, a cloud-native provider of brokerage, clearing, and other capital markets services, withdrew its plans for an initial public offering on Thursday.
It had filed to raise $351 million by offering 13 million shares at a price range of $26 to $28, after slashing its deal size by 65% a week ago. At the midpoint of the proposed range, it would have been valued at $8.2 billion. The company postponed its IPO last Friday, citing market conditions, and added that it intended to reconsider an IPO at a later time.
The New York, NY-based company was founded in 2018 and booked $945 million in sales for the 12 months ended September 30, 2025. It had planned 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, and M&T Securities were set to be the joint bookrunners on the deal.
