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Clear Secure Priced, NYSE: YOU

Provides a biometric identity verification platform.

Industry: Technology

First Day Return: +29.0%

Industry: Technology

With CLEAR, you are always you. We believe your identity should enable a frictionless and safe journey--both physically and digitally. Your secure identity is foundational to enabling frictionless everyday experiences, connecting you to the cards in your wallet and transforming the way you live, work and travel. All powered by our platform. 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 and biometrics helped solve this requirement by building an unbreakable link between you and your identity. Travelers were eager to return to the skies but demanded predictable and safe experiences. CLEAR’s secure identity platfor--which uses biometrics (e.g., eyes, face and fingerprints) to automate the identity verification process through CLEAR lanes in airports--helped make the travel experience safer AND easier as well as more predictable AND trusted for both our members and partners. Since our inception, we envisioned a wide range of consumer applications that would be subject to similar secular trends. Today, consumers expect frictionless experiences in different facets of their lives, and businesses are seeking to create safer and more seamless customer and employee journeys. This is now known as the convenience economy. We believe COVID-19 has further accelerated these trends.
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Clear Secure (YOU) Performance