# Clear Street opens pre-IPO access to $188B Databricks for accredited investors > Source: > Published: 2026-07-31 19:35:57+00:00 Via en.wikipedia.org # Clear Street opens pre-IPO access to $188B Databricks for accredited investors The cloud-native brokerage is building a secondary market platform targeting 30+ private companies by year-end, starting with the AI data giant valued at $188 billion. Clear Street, the cloud-native brokerage that has been quietly building itself into a Wall Street alternative since 2018, is now letting accredited investors buy into Databricks before the AI data company hits public markets. The offering comes as Databricks signed a term sheet on July 16 valuing it at $188B, a figure that makes it one of the most valuable private companies on the planet. ## The deal behind the deal Databricks’ latest strategic funding round is expected to raise approximately $3B, with Coatue Management leading the charge. The round represents a massive jump from the company’s previous valuation of roughly $134B, meaning the AI and data analytics firm added about $54B in paper value in a relatively short window. Databricks is widely viewed as IPO-ready, but the company may delay its public listing to 2027. Clear Street plans to offer accredited investors access to Databricks shares through the secondary market, alongside shares in 30 additional private companies by the end of the year. Databricks’ revenue run-rate now exceeds $5B. ## Clear Street’s own rollercoaster Clear Street raised funding that gave it a $12B valuation in January 2026. It filed for a US IPO in February 2026, targeting $1.05B in proceeds, then pulled the listing due to unfavorable market conditions. ## What this means for investors Platforms like Forge Global and EquityZen have been facilitating secondary trades for years. Clear Street’s entry, backed by a $12B valuation, signals that the market is maturing beyond niche platforms into something more closely resembling mainstream financial services. The risk is that pre-IPO shares are illiquid, opaque, and priced on limited information. A $188B valuation for a company with a $5B-plus revenue run-rate implies a roughly 37x revenue multiple. If Databricks delays its IPO to 2027 and market conditions deteriorate further, investors holding secondary shares could find themselves sitting on paper losses with no easy exit. **Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our [Editorial Policy](https://cryptobriefing.com/editorial-policy/).