Clear Secure, Inc.

General Information
Business:
We launched CLEAR in 2010 to create a frictionless travel experience while enhancing homeland security.  Following 9/11, there was a dire need for safer and easier experiences in the aviation industry. Biometrics helped solve this requirement. CLEAR’s secure identity platform uses biometrics (e.g., eyes, face and fingerprints) to automate the identity verification process through CLEAR lanes in airports. The U.S. Department of Homeland Security certified our information security program at a FISMA High Rating (the highest designation, according to the Federal Information Security Modernization Act). 
During the early months of the pandemic in 2020,  we developed our Health Pass product. Health Pass offers validation of COVID-19 test results and digitization of vaccination status.
 
As of May 31, 2021, our expansive network of partners included 38 airports (up from 33 in 2019 and 24 in 2017) along with 26 sports and entertainment partners, and 67 Health Pass-enabled partners and events covering 110 unique locations, as well as a growing number of offices, restaurants, theatres, casinos and theme parks. 
 
 
Note: Revenue and net loss figures are for the year ended Dec. 31, 2020.
(Note: Clear Secure priced its IPO on June 29, 2021, at $31 – above its $27-to-$30 price range – on 13.2 million shares, the number of shares in the prospectus, to raise $409.2 million.)
Industry: SERVICES - PREPACKAGED SOFTWARE
Employees: 1646
Founded: 2010
Contact Information
Address 65 East 55th Street, 17th Floor New York, New York 10022
Phone Number (646) 723-1404
Web Address http://www.clearme.com/
View Prospectus: Clear Secure, Inc.
Financial Information
Market Cap $4126.8mil
Revenues $230.8 mil (last 12 months)
Net Income $-9.3 mil (last 12 months)
IPO Profile
Symbol YOU
Exchange NYSE
Shares (millions): 13.2
Price range $31.00 - $31.00
Est. $ Volume $409.2 mil
Manager / Joint Managers Goldman Sachs/ J.P. Morgan/ Allen & Co./ Wells Fargo Securities/
CO-Managers LionTree/ Stifel/ Telsey Advisory Group/ Centerview Partners/ Loop Capital Markets/ Roberts & Ryan
Expected To Trade: 6/30/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change