Broker Clear Street delays US IPO citing market conditions.

Founded on cloud computing technology, Wall Street brokerage Clear Street Group Inc. has postponed its initial public offering (IPO) in the United States after reducing its target size by nearly two-thirds. A company spokesperson stated that this decision was made based on market conditions. Clear Street had lowered the size of the offering to 13 million shares on Thursday, with an offering price range of $26 to $28 per share; previously the company had planned to offer 23.8 million shares priced at $40 to $44 each. Documents show that BlackRock Group had expressed interest in purchasing up to $200 million of the company's IPO shares. In the past week, the U.S. IPO market has been impacted: financial technology company AGI Inc. significantly reduced its listing size before pricing, while advertising technology company Liftoff Mobile Inc. announced a postponement of its IPO just hours before pricing.