Cloud-native brokerage service provider Clear Street (CLRS.US) officially withdraws $351 million US stock IPO.

Cloud-native broker Clear Street Group (CLRS.US) officially withdrew its initial public offering (IPO) application for its U.S. stock this Thursday. The company had previously filed documents to issue 13 million shares at a price of $26 to $28 per share, raising a fund size of $351 million. It is worth noting that the company had reduced the size of the offering by 65% a week ago. Based on the midpoint of the original price range, its valuation would reach $8.2 billion. The company cited market conditions as the reason for postponing the IPO process last Friday, stating that it will reconsider going public at an appropriate time. This New York-based financial technology company founded in 2018 generated revenues of $945 million in the 12 months ending on September 30, 2025. It was planned to be listed on Nasdaq under the ticker symbol "CLRS", and the original underwriting syndicate included investment banks such as Goldman Sachs Group, Inc., Bank of America Securities, Morgan Stanley, UBS Group AG, ClearStreet, BMO Capital Markets, Barclays PLC Sponsored ADR, Royal Bank of Canada Capital Markets, TD Securities, Piper Sandler, CIBC World Markets, Regions Securities, BTIG, and M&T Securities, among many other financial institutions.