ME News Message, February 13 (UTC+8), Strategy underwriter Clear Street announced the postponement of the U.S. IPO originally scheduled for Friday, citing "poor market conditions." Additionally, the company has significantly reduced its Nasdaq IPO fundraising target from an initial goal of $1.05 billion to $364 million. After the reduction, Clear Street's valuation is approximately $7.2 billion, down from a previous target valuation of $11.8 billion. In recent years, Clear Street has become one of the major underwriters for cryptocurrency-related stock offerings, having provided underwriting services for several crypto treasury companies, including multiple stock issuances for Strategy, and has also served as an underwriter for Trump Media & Technology Group. (Source: ME)
