Biometric screening company CLEAR opens higher in its first trade as public company

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Biometric screening company CLEAR made its market debut Wednesday on the New York Stock Exchange and is now trading under the ticker symbol “YOU.”

Founded in 2010 in New York, CLEAR initially got its start helping travelers speed through airport lines in the post-9/11 travel environment. Frequent fliers can purchase subscriptions for $179 a year, which also allows them to use the service at select sports stadiums and entertainment venues.

CLEAR chairman and chief executive officer Caryn Seidman-Becker said the potential for the company to move beyond travel to places like office buildings, restaurants and stadiums presents "enormous opportunities." Seidman-Becker said she is "incredibly bullish on travel," adding that she expects the return of both leisure and business travelers.

 

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