Key Notes

Clear Street prepares for an IPO that could value the firm between $10 billion and $12 billion.

Goldman Sachs is expected to lead the offering, with a listing possible as early as January.

The broker has become a major underwriter of crypto-treasury-driven stock deals, including Strategy and Trump Media.

Clear Street, the New York financial services firm underwriting crypto-treasury services, is preparing for a public listing that could land as early as next month. The IPO could value the rapidly expanding broker between $10 billion and $12 billion, marking one of Wall Street’s most significant market debuts tied directly to crypto-linked corporate balance-sheet strategies.

While Clear Street’s listing is unlikely to happen before January, the Financial Times reported on D

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