Clear Street Pre-IPO Platform — Databricks Structure
Access via SPV holding interest in an external fund that owns Databricks shares — not direct company-issued shares. Outside fund remains record shareholder. Databricks spokesperson: no formal relationship with Clear Street regarding the product. Plans ~30 private companies by year-end, mostly 20B valuations, 6 months–2 years from IPO. Clear Street paused own IPO earlier in 2026; may revisit 2027. $400M investment-grade bond offering cited.