Securities and derivatives broker Clear Street has closed an investment round at a $12 billion valuation, paving the way for an initial public offering, according to a person familiar with the matter.
The equity part of the round was led by fund managers Baillie Gifford and SBI Holdings, people with knowledge of the transaction said, asking not to be identified as the information isn’t public. On the debt side of the fundraise, BlackRock Inc. is among the investors in the senior notes, one of the people said.
Goldman Sachs Group Inc. and Morgan Stanley are advising on the potential ...
