Bulletin
Investor Alert

New York Markets Close in:

Market Pulse Archives

June 23, 2021, 6:44 a.m. EDT

Clear Secure's IPO terms could value company at up to $4.3 billion

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Clear Secure Inc. (YOU)
  • X
    Renaissance IPO ETF (IPO)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Clear Secure Inc. /zigman2/quotes/227698187/composite YOU -4.42% has set terms for its initial public offering, in which the New York-based provider of safer and easier travel experiences could be valued at up to $4.34 billion. The company is looking to raise up to $396.0 million as it is offering 13.20 million shares in the IPO, which is expected to price between $27 and $30 a share. The company expects to have a total of 144.8 million shares outstanding after the IPO, including Class A, Class B, Class C and Class D shares. The stock is expected to list on the NYSE under the ticker symbol "YOU." Goldman Sachs, J.P. Morgan, Allen & Co. and Wells Fargo Securities are the lead underwriters. The company recorded a pro forma net loss of $10.8 million on revenue of $230.8 million in 2020, after a loss of $54.2 million on revenue of $192.3 million in 2019. The company is looking to go public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -1.97% has edged up 0.5% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.56% has advanced 13.1%.

/zigman2/quotes/227698187/composite
US : U.S.: NYSE
$ 23.34
-1.08 -4.42%
Volume: 120,541
Jan. 18, 2022 9:57a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.58 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 48.90
-0.98 -1.97%
Volume: 42,246
Jan. 18, 2022 9:55a
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,590.34
-72.51 -1.56%
Volume: 377.50M
Jan. 18, 2022 9:57a
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.