Group 1 - Clear Street plans to seek a valuation of approximately $11.8 billion in its upcoming IPO, indicating a resurgence in the U.S. IPO market as market activity picks up [1] - The company aims to issue 23.8 million shares at a price range of $40 to $44 per share, potentially raising up to $1.05 billion [1] - Clear Street's revenue is projected to reach between $1.04 billion and $1.06 billion in 2025, significantly higher than the previous year's revenue of $463.6 million [2] Group 2 - The main brokerage business plays a crucial role in the financial market infrastructure, providing services such as risk management, portfolio monitoring, and securities lending to hedge funds [2] - The demand for main brokerage services has increased due to strong returns from multi-strategy hedge funds in volatile markets, contributing to the expansion of this business [2] - Clear Street will be listed on NASDAQ under the ticker symbol "CLRS," with major investment banks including Goldman Sachs, Bank of America Securities, Morgan Stanley, and UBS serving as underwriters for the IPO [2]