Clear Street has postponed its planned U.S. IPO, originally set for Friday, due to unfavorable market conditions. The company has also reduced its Nasdaq IPO fundraising target from $1.05 billion to $364 million. This adjustment lowers Clear Street's valuation to approximately $7.2 billion, down from the initial target of $11.8 billion. Clear Street is a prominent underwriter in the cryptocurrency sector, having provided services for multiple crypto treasury companies and stock offerings, including those for Strategy and Trump Media & Technology Group.