Clear Secure, which provides a biometric identity verification platform, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
Clear Secure's secure identity platform uses biometrics such as eyes, face, and fingerprints to automate the identity verification process in CLEAR lanes at airports, in-person events, and healthcare facilities. The company's main offerings include CLEAR Plus, a consumer aviation subscription service that enables predictable and fast airport security experiences, and two mobile apps, including its flagship CLEAR app. As of May 31, 2021, Clear Secure's network included 38 airports, 26 sports and entertainment partners, and 67 Health Pass-enabled partners.
The New York, NY-based company was founded in 2010 and booked $220 million in sales for the 12 months ended March 31, 2021. It plans to list on the NYSE under the symbol YOU. Goldman Sachs, J.P. Morgan, Allen & Company, Wells Fargo Securities, LionTree, and Stifel are the joint bookrunners on the deal. No pricing terms were disclosed.
