Clear Street Group Significantly Reduces IPO Size
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2026
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Source: renaissancecapital
- IPO Size Reduction: Clear Street Group has slashed its upcoming IPO size from an initial $1 billion to $351 million, now planning to offer 13 million shares at a price range of $26 to $28, resulting in a 65% decrease in expected proceeds.
- Investor Commitment: Despite the reduced size, cornerstone investor BlackRock has expressed interest in purchasing $200 million worth of shares, representing 57% of the deal, indicating ongoing confidence in the company's prospects.
- Business Model Overview: Clear Street Group offers a single cloud-native capital markets platform that includes trading, risk management, and financing services, connecting banks, clearing houses, and brokers, generating revenue primarily through customer margin income and commissions.
- Listing Plans: Founded in 2018, the company plans to list on Nasdaq under the symbol CLRS, with pricing expected during the week of February 9, 2026, and a number of prominent investment banks acting as joint bookrunners for the offering.
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.
