Core Viewpoint - Clear Street's upcoming IPO is seen as a precursor to a potential IPO boom in 2026, reflecting growing confidence among businesses to go public as market conditions improve [1][2][14] Company Overview - Clear Street is targeting a valuation of approximately $11.8 billion in its IPO, aiming to raise up to $1.05 billion by offering 23.8 million shares priced between $40 and $44 each [2][3] - The company operates as a cloud-native brokerage, focusing on innovative market infrastructure without legacy systems, which enhances its clearing, settlement, custody, and financing services [5] - Clear Street reported a net profit of $157 million for the first nine months of 2025, a significant increase from $49 million during the same period in 2024 [6] Market Context - Analysts predict a renaissance in IPOs in 2026, following a backlog of companies hesitant to go public due to previous market slowdowns and geopolitical uncertainties [9][10] - Major tech companies, including Anthropic, OpenAI, and SpaceX, are expected to launch IPOs in 2026, potentially leading to a record-breaking year for public listings [11][12][13] Strategic Moves - Despite recent workforce reductions in its UK arm, Clear Street is pursuing expansion in Europe by seeking regulatory approval as an investment firm and clearing provider in the Netherlands [7][8] - The successful debut of Clear Street is anticipated to signal investor readiness for upcoming IPOs, setting the stage for a strong IPO market in 2026 [14]

Key Takeaways Crypto firm BitGo's debut today follows a number of crypto companies that went public last year, including stablecoin issuer Circle, and the Winklevoss brothers' Gemini. This year is said to be a "supercycle" for public debuts with possible mega IPOs from the likes of Anthropic and SpaceX. This year is expected to be a big one for IPOs. A crypto company kicked things off today. Crypto custodian BitGo last night priced its initial public offering at $18. The stock opened Thursday afte ...