Clear Street, a Wall Street firm, disclosed a substantial increase in earnings in its recent US initial public offering paperwork, signaling a potentially busy period for new listings. The company recorded a 160% jump in revenue for the first nine months of 2025. Clear Street’s anticipated IPO follows a volatile year for the markets that proved profitable for Wall Street trading desks. The firm’s platform facilitated more than $31.3 billion in daily trading activity during September. Its major backers include growth equity firm Prism Capital.
Profit attributable to Clear Street reached $157.2 million for the nine months ended September 30, on revenue of $3,783.7 million. That compares to net income of $20.7 million on revenue of $301.9 million during the same period in 2024. Market analysts predict that US IPO activity is set to rebound in 2026, likely driven by companies postponing listings over the past year. Matt Kennedy, senior strategist at Renaissance Capital, noted a significant pipeline of companies considering going public.
Founded in 2018 by Chris Panto, Sachin Kumar, and Uriel Cohen, ClearStreet began as a premier brokerage platform and has since expanded into investment banking. The New York-based firm is currently headed by Edward Tilley, former CEO of options heavyweight CBOE Global Markets. Clear Street entered the investment banking sector in 2023, rapidly expanding into technology, healthcare, blockchain and digital assets. Clear Street ranks fourth among blank check IPOs by volume in 2025, according to DeLogic data.
Clear Street’s investment banking division experienced a standout year in 2025, closing 92 transactions valued at $99 billion. The company benefited from a surge in digital asset treasury firms and a resurgence in blank check IPOs. He also played a role in key deals, including advising Truth Social’s parent Trump Media and Technology Group on its $6 billion merger with fusion energy company TAE Technologies. Clear Street intends to list on the Nasdaq under the ticker symbol “CSIG”. Goldman Sachs, BofA Securities, Morgan Stanley, UBS Investment Bank, and Clear Street itself will also act as lead book-running managers for the offering.
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