Clear Street Group (CLRS Proposed) launched its $1 billion IPO early today. The New York-based FinTech company – a trading, clearing and risk-management platform – is offering 23.81 million shares at a price range of $40.00 to $44.00 to raise $1 billion, if the IPO is priced at the $42.00 mid-point of its range, according to Clear Street Group’s S-1/A filing dated Feb. 4, 2026. Clear Street’s IPO is set for pricing next week. (Please see our IPO Calendar for the date.) This is a NASDAQ listing. (Editor’s Note: This column is updated to correct the proposed stock symbol to read CLRS and not CSIG. The proposed symbol was changed to CLRS in today’s SEC filing dated Feb. 4, 2026, from CSIG in the S-1 filing dated Jan. 20, 2026.)
At pricing, Clear Street Group would have a market cap of $11.25 billion – if the IPO is priced at the $42.00 mid-point of its range.
Goldman Sachs, BofA Securities, Morgan Stanley, UBS Investment Bank and Clear Street are the lead joint book-runners.
Clear Street Group, founded in 2019, said in the prospectus that it “has built what we believe is the first cloud-native, end-to-end capital markets platform powered by a single real-time ledger. Our platform supports our clients’ capital markets activity by unifying trading, risk management, and financing on a single platform. As a result, our system provides clients (with) efficient market access plus accurate and real-time visibility into their positions and risk.”
The company is profitable: Clear Street Group had net income of $197.58 million on revenue of $945.44 million for the 12 months that ended on Sept. 30, 2025, according to financial statements in the prospectus.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.This entry was posted in The IPO Buzz. Bookmark the permalink.