Beneficiaries of the IPO feast, Clear Street (CSIG.US) sprints to the market: Revenue skyrockets by 160%, profits increase sevenfold!

Notice that Clear Street, a Wall Street financial institution, disclosed in its US IPO filing on Tuesday that its revenue for the first nine months of 2025 surged 160% year-on-year. During the nine-month period ending on September 30, Clear Street achieved revenue of $7.837 billion, with attributable profit reaching $1.572 billion; while in the same period of 2024, revenue was $3.019 billion, with a net profit of only $20.7 million. As the new stock issuance market enters a busy year, analysts expect the US IPO activity to continue the long-awaited recovery momentum in 2026. It is anticipated that a period of intensive listings may occur early next year, with companies that postponed their listings during last year's historic government shutdown expected to provide early momentum. "The market environment has opened the IPO window for most industries, and the pipeline of companies preparing to go public is huge - we are hearing significantly more companies discussing plans to go public than last year," said Matt Kennedy, Senior Strategist at Renaissance Capital, which focuses on IPO research and ETFs. "This includes many companies that were originally scheduled to go public last fall but were delayed until this spring." Founded in 2018 by Chris Pento, Sachin Kumar, and Uriel Cohen, Clear Street initially operated as a prime brokerage platform and has since expanded its business scope to include investment banking and other areas. The New York-based company is led by Edward Tilly, former CEO of the options market giant Cboe Global Markets. At a time when the market has experienced significant volatility, Clear Street's trading department has benefited unexpectedly. In September of this year, the Clear Street platform supported an average of over $31.3 billion in daily trading activity. Its main investors include growth equity firm Prysm Capital. Expansion of trading operations Clear Street entered the investment banking business in 2023 and quickly expanded into industries such as technology, healthcare, blockchain, and digital assets. 2025 was a breakthrough year for its investment banking business, completing a total of 92 transactions with a total transaction value of $990 billion. The company has benefited from the increase in digital asset custody companies last year and the resurgence of SPAC IPOs. According to Dealogic data, Clear Street ranked fourth in the number of SPAC IPO underwritings in 2025. The company has also been involved in significant transactions, including providing advisory services for the $6 billion all-stock merger between Truth Social's parent company, the Trump Media and Technology Group, and fusion energy company TAE Technologies. Clear Street will be listed on the Nasdaq under the ticker symbol "CSIG". Goldman Sachs, Bank of America Securities, Morgan Stanley, UBS Investment Bank, and Clear Street will serve as joint lead underwriters for this offering.