Clear Street Group Halves IPO Offering and Lowers Price Range
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2026
0mins
Source: seekingalpha
- IPO Size Reduction: Clear Street Group has cut its IPO share offering by more than half, reducing the number of shares from 23.8 million to 13 million, reflecting investor pushback against previous expectations that valued the company at approximately $12 billion.
- Price Range Adjustment: The expected price range has been lowered from $40-$44 per share to $26-$28, resulting in a total company valuation of $7.2 billion, indicating market concerns about its previous high valuation and potential impact on its fundraising ability.
- Funding Proceeds Outlook: If priced at the revised high end of $28, Clear Street would receive approximately $354 million in gross proceeds, significantly lower than the $1.05 billion it might have raised, suggesting a lack of confidence in its future growth potential.
- Market Reaction: Bloomberg News reported the expectation of a reduced IPO, highlighting investor caution regarding Clear Street's performance as a financial infrastructure technology company, which could affect its long-term development in capital markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
