S&C Advises Underwriters in CLEAR IPO

July 9, 2021

CLEAR Secure Inc. completed its $470.6 million initial public offering on July 2, which included the full exercise of the underwriters' option to purchase additional shares. The shares began trading June 30 on the New York Stock Exchange under the symbol “YOU.” CLEAR provides a secure identity platform that uses biometrics to automate the identity verification process at facilities such as airport security checkpoints and sports stadiums.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo LLC acted as joint lead book-running managers.

The S&C team representing the underwriters included Cathy Clarkin, Ben Rump and Katya Roze. Tracey Russell advised on FINRA matters. Heather Coleman, Emma Guido and Kian Khajooei advised on employment and compensation matters. Michael Orchowski and Nir Fishbien advised on tax matters. Justin Orr and Elizabeth Levin advised on intellectual property matters.