Biometric identity company Clear Secure files for IPO
Clear Secure, the New York-based biometric identity company known for its airport security lines, filed for an IPO.
Why it matters: This reflects the post-pandemic travel boom, even if business travel isn't expected to fully recover for years.
Details: Clear plans to list on the NYSE (YOU) and reports a $9.3 million net loss on $231 million in revenue for 2020. Shareholders include T. Rowe Price, General Atlantic, Delta Air Lines and Durable Capital Partners.
The bottom line: This is the latest chapter in a very long comeback story for Clear, which was launched in the aughts and went bankrupt before its current owners bought the assets in 2010 for just $6 million.
Go deeper: Summer travel is forecast to be stressful