Private markets go mainstream as Clear Street launches pre-IPO platform with Databricks
Clear Street launches a pre-IPO platform for accredited investors, starting with Databricks (valued at $188B) and plans to add up to 30 late-stage startups by year-end, offering private-market research led by Owen Lau and margin loans against pre-IPO stakes to increase transparency and access. The move mirrors Goldman Sachs’ expansion into private-company offerings; Clear Street paused its own IPO but remains financially strong and eyes a 2027 listing depending on market conditions.