Clear Street announced a postponement of its IPO, originally scheduled for this week on Nasdaq.

This article is machine translated
Show original
According to Reuters, Clear Street announced a postponement of its planned initial public offering (IPO) on Nasdaq this week, citing unfavorable market conditions. The company has significantly lowered its IPO fundraising target from approximately $1.05 billion to $364 million, and its valuation has decreased from the originally planned $11.8 billion to approximately $7.2 billion. Clear Street stated that it may still relaunch the listing in the future. The company has been a major underwriter for the IPOs of several crypto-related companies in recent years.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments