The Delta, United, Union Square Hospitality and Liberty Media-backed identity management technology developer's shares increased 29% on their first day of trading.
US-based security screening technology producer Clear Secure went public yesterday in a $409m initial public offering representing exits for corporates Delta Air Lines, United Airlines, Union Square Hospitality Group and Liberty Media.
The company issued 13.2 million class A shares on the New York Stock Exchange priced at $31.00 each, above the IPO’s $27 to $30 range. The shares closed at $40.00 on their first day of trading yesterday.
Founded in 2010, Clear provides a digital platform which transforms…
