--- title: "US IPO Weekly Recap: Clear Street postpones its IPO, as Japan-based payment firm PayPay submits filings" description: "This week, four IPOs and nine SPACs were priced. Clear Street postponed its IPO after reducing its deal size by 65%. SOLV Energy raised $513 million at a $5 billion market cap, while AGI raised $240 m" type: "news" locale: "en" url: "https://longbridge.com/en/news/275953215.md" published_at: "2026-02-13T23:03:57.000Z" --- # US IPO Weekly Recap: Clear Street postpones its IPO, as Japan-based payment firm PayPay submits filings > This week, four IPOs and nine SPACs were priced. Clear Street postponed its IPO after reducing its deal size by 65%. SOLV Energy raised $513 million at a $5 billion market cap, while AGI raised $240 million at a $1.9 billion market cap. ARKO Petroleum raised $200 million at an $830 million market cap, and Jaguar Uranium raised $25 million at a $77 million market cap. PayPay filed for a US IPO potentially raising $2 billion, alongside other companies filing for smaller amounts. Four IPOs and nine SPACs priced this week. Broker **Clear Street** (CLRS), which was also set to debut, postponed its IPO after slashing its proposed deal size by 65%. Four IPOs and three SPACs submitted filings. Solar project builder **SOLV Energy** (MWH) priced its IPO at the top of the range to raise $513 million at a $5.0 billion market cap. SOLV Energy is a leading provider of infrastructure services to the power industry, including engineering, procurement, construction, testing, commissioning, operations, maintenance and repowering. It has constructed more than 500 power plants, representing 20 GWdc of generating capacity, and it currently provides operations and maintenance services under long-term agreements to 146 operating power plants. SOLV Energy has a fast-growing backlog that totaled $8 billion at the end of 2025, although it relies on long lead-time projects reliant on government subsidies and credits. It finished the week up 29%. Brazilian consumer bank **AGI** (AGBK) priced its US IPO at the low end, after slashing its deal size by 65% the morning before its pricing, to raise $240 million at a $1.9 billion market cap. AGI operates as a technology-driven provider of specialized financial services in Brazil, focusing on underserved segments such as social security beneficiaries and public and private sector workers. It serves 6.4 million active clients across 1,101 asset-light Smart Hubs, which are paperless and cashless, in 723 cities as of September 30, 2025. AGI boasts strong profitability, with a sector-leading ROAE, although it operates in a tight regulatory environment, and was handed two suspensions in 2025. It finished the week down 8%. Fuel distributor **ARKO Petroleum** (APC) priced its slightly upsized IPO at the bottom of the range to raise $200 million at an $830 million market cap. ARKO Petroleum, a subsidiary of ARKO (Nasdaq: ARKO) is a fuel distribution company having delivered 1.5 billion gallons in the nine months ended September 30, 2025 to gas stations, sub-wholesalers, and other purchasers. It operates three segments: Wholesale, supplying fuel to third-party dealer stations and ARKO Retail Sites under long-term cost-plus or consignment contracts; Fleet Fueling, operating proprietary and third-party cardlock locations and issuing fuel cards; and GPMP, which supplies retail sites on a cost-plus basis with a fixed adder per gallon. ARKO Petroleum distributes fuel to about 3,500 sites, generally under long-term agreements, although it is highly dependent on its parent, which accounted for about half of its 2024 revenue. It finished the week flat. Uranium exploration company **Jaguar Uranium** (JAGU) priced its US IPO at the low end to raise $25 million at a $77 million market cap. Based in Canada, Jaguar Uranium is a pre-revenue junior mining company focused on three uranium exploration projects: one in Colombia and two in Argentina. Its principal exploration project is the Berlin Project in Caldas Province, Colombia, a sedimentary deposit hosting uranium together with vanadium, nickel, phosphate, rare earth elements, molybdenum and zinc. Jaguar Uranium finished the week down 17%. Nine SPACs also priced this week, led by **Idea Acquisition** (IACOU), which raised $350 million to target businesses leveraging LLMs and other AI tools. Four IPOs submitted initial filings this week. Japan-based mobile payment app **PayPay** (PAYP) filed for a US IPO this week that we estimate could raise up to $2 billion. Hong Kong-based human resources firm **CALM Chain International** (CCIL) filed to raise $18 million at a $120 million market cap. Cardiac device developer **BioVentrix** (BVXX) filed to raise $17 million. Hong Kong social media app **Hacker Interstellar** (SOUD) filed to raise $15 million. Three SPACs also submitted initial filings. **Fortress Value Acquisition V** (FVAV), the sixth SPAC formed by Fortress Investment Group executives, filed to raise $250 million. **Quantum Leap Acquisition** (QLEPU) filed to raise $200 million to target AI, quantum computing, and blockchain technology. **BHAV Acquisition** (BHAVU) filed to raise $100 million to target robotics, EVs, drones, and fintech. ### Related Stocks - [PYPL.US - Paypal](https://longbridge.com/en/quote/PYPL.US.md) - [PAY.US - Paymentus](https://longbridge.com/en/quote/PAY.US.md) - [FINX.US - Global X Fintech](https://longbridge.com/en/quote/FINX.US.md) - [MWH.US - Solv Energy](https://longbridge.com/en/quote/MWH.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 独家消息 - 消息人士称，QIA、Visa 和 ADIA 将成为 SoftBank 的 PayPay IPO 的基石投资者 | 一个由全球投资者组成的财团，包括卡塔尔控股、Visa 和阿布扎比投资局，计划作为软银 PayPay IPO 的基石投资者投资超过 2 亿美元，目标估值高达 140 亿美元。此次 IPO 计划于下个月在纳斯达克进行，旨在支持软银的人工智能投资 | [Link](https://longbridge.com/en/news/277243107.md) | | BREAKINGVIEWS-PayPal 的追求面临卖方的两难境地 | PayPal 的估值为 440 亿美元，正面临来自 Stripe 的潜在收购兴趣，此时其股票大幅下跌，价值减半。尽管由于估值较高，Stripe 有能力从交易中获利，但 PayPal 的庞大规模和现金流使得任何收购变得复杂。在这一兴趣的报道后 | [Link](https://longbridge.com/en/news/276923667.md) | | 弃中金改聘建投，正雅齿科二度冲刺 IPO | 日前，浙江正雅齿科股份有限公司（下称 “正雅齿科”）启动 IPO 辅导。 正雅齿科核心产品是隐形矫治器，已… | [Link](https://longbridge.com/en/news/277097333.md) | | TRG 拉丁美洲收购公司完成 2 亿美元的首次公开募股 | TRG 拉丁美洲收购公司完成 2 亿美元首次公开募股（IPO） | [Link](https://longbridge.com/en/news/277250155.md) | | SpaceX 可能在首次公开募股中寻求超过 1.75 万亿美元的估值…… | SpaceX 在首次公开募股中可能寻求超过 1.75 万亿美元的估值…… | [Link](https://longbridge.com/en/news/277245476.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.