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.)
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| 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 | Lion Tree/ Stifel/ Telsey Advisory Group/ Centerview Partners/ Loop Capital Markets/ Roberts and Ryan |
| Expected To Trade: | 6/30/2021 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |