Wall Street broker Clear Street prepares for IPO, aiming for a multi-billion dollar valuation

[Chain News] Wall Street is making big moves again. According to sources, New York brokerage Clear Street is preparing for an IPO, which could launch as soon as January next year. Goldman Sachs may lead the underwriting, and the estimated valuation could reach the $10-12 billion range.

This brokerage has been quite active in the crypto space recently. They have underwritten offerings for crypto-themed stocks like Strategy, and have also partnered with Trump’s Media & Technology Group—which recently announced plans to spend billions to build its own Bitcoin reserve.

It’s no surprise that traditional brokerages are eyeing crypto business, as this pie keeps getting bigger. Clear Street’s latest move is another sign of Wall Street’s embrace of digital assets. The timing is also interesting, coinciding with the current crypto market rally, so valuation negotiations probably won’t be too tough.