Cloud-native brokerage service provider Clear Street (CLRS.US) officially withdraws its $351 million US IPO

The company had previously filed documents planning to issue 13 million shares at a price of $26 to $28 per share, aiming to raise $351 million. Notably, the company had already reduced the offering size by 65% a week ago. Based on the midpoint of the original price range, its valuation would reach $8.2 billion. Last Friday, the company postponed its IPO process citing market conditions and stated that it would reconsider the listing at an appropriate time.