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

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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.”

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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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