Airport security company CLEAR files to go public as post-pandemic travel picks up
Summary
CLEAR, the company best known for helping travelers zip through airport security lines, filed its IPO prospectus on Monday, and indicated that business is picking up as vaccinations increase. In May, after airport travel plummeted, CLEAR launched Health Pass, a major new feature in the companys iOS and Android app that securely stores Covid information, such as test results or vaccination records. One-third of NBA teams are using the app to enforce their Covid protocols for fans, and people attending National Hockey League games in Arizona also use Health Pass. CLEAR is poised to be the latest New York company to hit the public markets, joining a growing roster that includes names like Etsy, MongoDB and Peloton. While the biggest offerings have typically come from Silicon Valley and San Francisco, 2021 is turning out to be a blockbuster year for New York, with DigitalOcean, UiPath and Compass all having gone public already.