Strategy underwriter Clear Street delays IPO and significantly reduces the IPO fundraising target

MarsBitNews · 2026-02-13T09:23:54+00:00

Clear Street has postponed its U.S. IPO due to unfavorable market conditions and reduced its fundraising target from $1.05 billion to $364 million, with its valuation dropping from $11.8 billion to $7.2 billion. The company is one of the leading underwriters of cryptocurrency-related stocks.

MarsBitNews

2026-02-13 09:23:54

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Mars Finance News, February 13 — According to Reuters, Strategy underwriter Clear Street announced the postponement of its US IPO scheduled for Friday, citing “poor market conditions.” Additionally, the company has significantly reduced its Nasdaq IPO fundraising target from an initial goal of $1.05 billion to $364 million. After the reduction, Clear Street’s valuation is approximately $7.2 billion, down from the previous target valuation of $11.8 billion. In recent years, Clear Street has become one of the leading underwriters for cryptocurrency-related stock offerings, providing underwriting services for multiple crypto treasury companies, including multiple stock offerings for Strategy, and has also served as an underwriter for Trump Media & Technology Group.

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