Clear Secure (YOU)

Clear Secure (YOU)

IPO Stage

You are You.

You are You.

Overview

Funding data not publicly available
Stage

IPO Stage

Platform

Robinhood

IPO Date

Not Provided

Method of Going Public

IPO

Expected Public Exchange

New York Stock Exchange (NYSE)

Price Range

$27 - $30

Security Type

Equity - Common

Series

Series C

SEC Filing Type

S-1    Open SEC Filing

IPO Valuation

$4.4B

IPO Lead Underwriter

Goldman Sachs, J.P. Morgan, Allen & Company, Wells Fargo Securities

# of Acquisitions

0

Year Founded

2010

Industry

Security, Cybersecurity, & Defense

Tech Sector

Regtech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

New York, New York

Business Type

High Growth

CLEAR Secure, with an expected public market valuation of approximately $4.4 billion, will go public June 30th, 2021. The identity verification platform provides identification based on biometric data used primarily in airports, stadiums, and for quick coronavirus screening. Caryn Seidman Becker and Ken Cornick founded Clear in 2010 with the goal of developing a "frictionless travel experience while enhancing homeland security." CLEAR will trade under the ticker "YOU" on the New York Stock Exchange (NYSE) and is offering 13.2 million shares at $31 a share, above the company's initial price range of $27 - $30.

Income Statement

Revenue

$230,796,000

Operating Expenses

Research/Technology & Development

$32,038,000

Sales & Marketing

$16,381,000

General & Administrative

$118,168,000

Total Operating Expenses

$0

Operating Income

$-18,929,000

Other Income, Net

$9,023,000

Income (Loss) Before Provision For (Benefit From) Income Taxes

$0

Provision For (Benefit From) Income Taxes

$0

Net Income (Loss)

$-9,310,000

 

Net Income (Loss) Attributable to Common Stockholders:

Basic

$0.00

Diluted

$0.00

Net Income (Loss) Per Share Attributable to Common Stockholders:

Basic

$0.00

Diluted

$0.00

Weighted-Average Shares of Common Stock Used For Pro Forma:

Basic

0

Diluted

0

Balance Sheet - Assets

Current Assets

Cash and Cash Equivalents

$116,226,000

Accounts Receivable

$912,000

Total Current Assets

$171,636,000

Property and Equipment, Net

$35,241,000

Goodwill

$0

Intangible Assets, Net

$1,564,000

Restricted Cash

$22,856,000

Other Assets

$971,000

Total Assets

$232,268,000

Balance Sheet - Liabilities

Current Liabilities

Accounts Payable

$8,518,000

Accrued Expenses

$0

Other Current Liabilities

$0

Total Current Liabilities

$146,104,000

Total Liabilities

$149,913,000

Commitments and Contingencies

Convertible Preferred Stock

$0

Stockholders' (deficit) Equity

Common Stock

$0

Additional Paid In Capital

$0

Accumulated Other Comprehensive Income (Loss)

$27,000

Total Stockholders' (Deficit) Equity

$82,355,000

Statements of Cash Flows

Cash Flows from Operating Activites

Net Cash Provided By (Used In) Operating Activities

$-12,338,000

Cash Flows from Investing Activites

Net Cash Provided By (Used In) Investing Activities

$-21,582,000

Cash Flows from Financing Activites

Net Cash Provided By (Used In) Financing Activities

$-63,049,000

Total Cash, Cash Equivalents, and Restricted Cash

$139,082

Financials as of: 06/06/2021
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CLEAR Secure IPO 2021: A Startup Investor’s Guide
Platform: Robinhood
Security Type: Equity - Common
Valuation: $4,400,000,000

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