Clear Street Delays U.S. IPO After Reducing Target

Clear Street, a Wall Street brokerage firm utilizing cloud computing technology, has decided to delay its initial public offering (IPO) in the United States. Bloomberg posted on X that the company made this decision after significantly reducing its IPO target by almost two-thirds. The move reflects the current challenges and uncertainties in the financial markets, prompting the firm to reassess its strategy. Clear Street's decision highlights the cautious approach companies are adopting amid fluctuating market conditions.