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Announced

Completed

IMC completed the acquisition of a minority stake in Clear Street.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Completed

FinTech

fintech

financial services

cloud infrastructure

United States

Private

Domestic

Minority

Single Bidder

Acquisition

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Synopsis

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IMC, a proprietary trading firm, completed the acquisition of a minority stake in Clear Street, a prime broker. Financial terms were not disclosed. “The backing of IMC underpins the positive response Clear Street has received in the market. Clients are demanding better technology and better service. We're answering that call with a platform that meets the needs of a modern marketplace," Chris Pento, Clear Street CEO and Co-Founder.

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