NewsNTech

Clear Street opens private markets platform with Databricks stakes as its first offering

8/1/2026

The pre-IPO equity market runs on a structural constraint: private company shares have no exchange, no continuous price feed, and no standardized transfer mechanism.

That friction has historically kept late-stage opportunities inside a narrow circle of institutional investors and secondary market specialists.

Clear Street, the fintech brokerage, is moving to widen that circle, launching a private markets platform and opening it with access to stakes in Databricks, the AI and data platform valued at $188 billion.

The mechanics of private share access Secondary market transactions in pre-IPO companies require finding a willing seller, negotiating transfer terms, satisfying any right-of-first-refusal clauses an issuer holds, and clearing a process that has no central venue.