Clear Street Files for IPO with Strong Revenue Growth

IPO Filing Reveals Major Growth

Securities and derivatives broker Clear Street Group has officially filed for an initial public offering on the Nasdaq. The filing details substantial growth, with revenue for the nine months ending September 30, 2025, reaching $783.7 million, a 160% year-over-year increase.

Platform and Market Position

Founded in 2018, Clear Street operates a cloud-native capital markets platform that unifies trading, risk management, and financing. The platform supports over 2,000 clients and cleared approximately 3.8% of the U.S. equity market as of September 30, 2025, handling over $31.3 billion in daily trading activity.

Financial Performance and Funding

The company's rapid expansion is reflected in its profitability, reporting $157.2 million in net income for the first nine months of 2025. For the full year 2024, Clear Street generated $463.6 million in revenue and $89.1 million in net income. The firm also recently raised approximately $135.4 million in Series C funding and issued $78.5 million in notes.

IPO Details and Share Structure

Clear Street plans to list its Class A common stock under the ticker symbol "CSIG". The IPO will establish a dual-class stock structure, where Class B shares hold ten votes each compared to one vote for Class A shares. This arrangement will classify Clear Street as a "controlled company" under Nasdaq rules, with Clear Street Global Corp. retaining majority voting power. Key underwriters for the offering include Goldman Sachs and BofA Securities.

Summary and Outlook

Clear Street's IPO filing highlights its successful scaling of a modern, integrated capital markets platform. Investors will be closely watching the pricing of the offering and how the market values its high-growth trajectory against the backdrop of its controlled company structure. The move to go public marks a significant milestone for the fintech firm.

FAQ

Q: What is Clear Street's proposed stock ticker?
A: The company plans to list on the Nasdaq Global Select Market under the ticker symbol "CSIG".

Q: How significant is Clear Street's revenue growth?
A: For the nine months ending September 30, 2025, the company reported 160% year-over-year revenue growth.

Q: What does the "controlled company" status mean?
A: It means a single entity, Clear Street Global Corp., will maintain majority voting control after the IPO due to the dual-class share structure.

Source: Investing.com