Clear Secure completes IPO of 15.2M shares at $31, nets $444.7M

Clear Secure, Inc.

IPO closed July 2, 2021; 15.18M Class A shares (incl. 1.98M overallotment) sold at $31.00/share.
Net proceeds to Clear Secure were $444.7M after underwriting discounts; contributed to Alclear Holdings for expenses and corporate purposes.
On June 29, 2021, issued 59.2M Class A shares to pre-IPO Alclear members in reorganization; also issued Class B, C, D shares.
Entered Reorganization Agreement, Amended Operating Agreement, Exchange Agreement, Registration Rights Agreement, and Tax Receivable Agreement.
Class A common stock now listed on NYSE under ticker YOU.

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