$13 Billion Firm Going Public As IPOs Heat Up; Jennifer Garner's IPO Surges

• Clear Street plans to offer 23.8 million shares on Nasdaq under symbol CLRS, with trading expected Friday; Goldman Sachs, BofA Securities, Morgan Stanley and BMO Capital Markets are lead underwriters
• Other notable IPOs this week include Brazilian fintech AGI raising $720 million, power plant builder SOLV Energy raising $482 million, and fuel distributor Arko Petroleum raising $200 million
• Once Upon a Farm, cofounded by actress Jennifer Garner, raised approximately $200 million in its IPO last week and has gained 35% from its $18 opening price

Market Summary: IPO Activity Accelerates with $13 Billion Clear Street Group Leading

Key IPO Developments:

Clear Street Group is leading this week's IPO activity with a planned $1 billion offering of 23.8 million shares on Nasdaq under symbol CLRS. The New York-based fintech firm recently closed a private funding round valuing the company at $12 billion. Clear Street provides a cloud-based platform integrating brokerage, clearing, and capital markets services, generating revenue through net financing and transaction fees. Goldman Sachs, BofA Securities, Morgan Stanley, and BMO Capital Markets are underwriting the deal, with trading expected to begin Friday.

Other Notable IPOs This Week:

• AGI (AGBK): Brazilian consumer bank targeting underserved markets, raising $720 million at a $3 billion valuation. Serves 6.4 million clients through 1,100+ Smart Hubs.
• SOLV Energy (MWH): Power infrastructure services provider raising $482 million at $4.7 billion valuation. Has built 500+ power plants with an $8 billion backlog. Trading begins Wednesday.
• Arko Petroleum (APC): Wholesale fuel distributor raising $200 million at $865 million valuation, priced at $18-20 per share. IPO set for Thursday.

Recent IPO Performance:

Jennifer Garner's Once Upon a Farm (OFRM) has surged 35% since its $200 million IPO last week at $18 per share. The company produces organic refrigerated baby and children's food products.

Bob's Discount Furniture raised $370 million at a $2.4 billion valuation last week, while Forgent Power Solutions raised $1.512 billion at $27 per share.

Market Implications:

IPO activity is accelerating after a quiet January, signaling renewed investor appetite for public equity markets and potentially favorable conditions for companies seeking to go public.