BlockBeats News, February 13th, according to Reuters, Strategy underwriter Clear Street announced a delay in its planned U.S. IPO scheduled for Friday due to poor “market conditions.” Additionally, the company has significantly reduced its Nasdaq IPO fundraising target from the initial $1.05 billion to $364 million. After the reduction, Clear Street is valued at around $7.2 billion, down from the previous target valuation of $11.8 billion.
In recent years, Clear Street has become a major underwriter for cryptocurrency-related stock offerings, providing underwriting services to several cryptocurrency treasury companies, including multiple stock offerings for Strategy and serving as an underwriter for the Trump Media & Technology Group.
