Clear Street CEO Ed Tilly to retire in June
He will remain on the board and advise on international relations; founder Uri Cohen becomes CEO effective June 1.
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In short: Clear Street postponed its IPO, deregistered its stock, cut jobs and named Uri Cohen CEO
He will remain on the board and advise on international relations; founder Uri Cohen becomes CEO effective June 1.
The company remains committed to its mission and intends to reconsider the IPO later. It provides sophisticated investors with access to every asset in every market.
It intends to list on Nasdaq under ticker CSIG. Goldman Sachs & Co. LLC acts as a lead book-running manager.
Ed Tilly becomes CEO at year-end. Pento remains on the Board. Company achieved $2.1B valuation under Pento's leadership.
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