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%.