American securities and derivatives brokerage firm Clear Street (CLRS.US) is sprinting to the NASDAQ. BlackRock, Inc. plans to subscribe for a highest amount of 200 million US dollars.

US securities and derivatives broker Clear Street said on Wednesday that the company plans to seek a valuation of up to approximately $11.8 billion in its initial public offering (IPO) in the United States, indicating that the US IPO market is picking up speed as market enthusiasm rebounds. Driven by the constantly reaching new highs in the US stock market and the concentrated release of demand for new listings, the US IPO activity at the beginning of 2026 has significantly heated up. This week, 8 companies are expected to go public in New York, each raising no less than $100 million. IPO research firm and related ETF provider Renaissance Capital pointed out that this will be the busiest week for large IPOs since 2021. Previously, the historical "shutdown" of the US government last year disrupted the trading process, causing the issuance pace to slow down. According to the prospectus, Clear Street plans to issue 23.8 million shares at a price range of $40 to $44 per share, raising up to $1.05 billion. Founded in 2018, the company was initially positioned as a prime brokerage platform, headquartered in New York, and has expanded its business in recent years, venturing into investment banking and stock research fields. It is worth noting that funds under BlackRock have expressed their intention to purchase up to $200 million worth of Clear Street shares, providing important institutional backing for this issuance. Industry insiders point out that prime brokerage services play a key role in the financial market "infrastructure," providing risk management, portfolio monitoring, and financing and securities lending services to hedge funds. Last year, the prime brokerage business on Wall Street, with billions of dollars in scale, thrived as multi-strategy large hedge funds delivered strong returns in volatile markets, driving up related demand. The increase in the company's valuation and the growth in the number of new hedge funds further promote the expansion of this business. Clear Street's IPO plan comes after significant growth in the company's performance. The company expects its net revenue to reach between $1.04 billion and $1.06 billion in 2025, significantly higher than the previous year's $463.6 million. Clear Street will be listed on the Nasdaq under the ticker symbol "CLRS," with Goldman Sachs, Bank of America Securities, Morgan Stanley, UBS Investment Bank, and Clear Street themselves serving as the lead underwriters for this IPO.