By Kelly Cloonan
Clear Street Group withdrew its initial public offering.
The financial infrastructure technology company has decided not to pursue an IPO at this time due to current market conditions, according to a Thursday filing with the Securities and Exchange Commission.
The company initially filed to go public Jan. 20. The statement was declared effective on Feb. 12.
At the time, the company said it would sell 13 million units at $26 to $28 apiece. The company said it would receive net proceeds of about $311.8 million from the offering, or about $361.3 million if the over-allotment option were exercised, if the offering priced at the midpoint of its range.
The company had been approved to list its stock on the Nasdaq Global Select Market under the ticker CLRS.
None of the company's securities have been sold pursuant to its registration statement, it said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
February 19, 2026 17:11 ET (22:11 GMT)
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