Robinhood Allowing Some Investors Access to CLEAR Secure (YOU) IPO

June 23, 2021 3:56 PM EDT

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Robinhood continues to rollout IPO access for investors. Today, the broker is allowing investors to participate in the upcoming IPO for biometric security firm CLEAR Secure, which is expected to open next week on the NYSE under the ticker 'YOU'.

CLEAR Secure plans to offer 13,200,000 shares of its Class A common stock in the offering at a price of $27-$30 per share.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Allen & Company LLC and Wells Fargo Securities, LLC are acting as lead book-runners for the CLEAR Secure offering. LionTree Advisors LLC and Stifel, Nicolaus & Company, Incorporated are acting as passive book-runners for the offering. Telsey Advisory Group LLC, Centerview Partners LLC, Loop Capital Markets LLC and Roberts & Ryan Investments, Inc. are acting as co-managers for the offering.

CLEAR's mission is to enable frictionless and safe journeys using your identity. With more than 5.6 million members and 100+ unique locations and partners across North America, CLEAR's identity platform connects you to the cards in your wallet - transforming the way you live, work and travel.

Robinhood was said to first open up IPO access with medical scrub maker Figs (NYSE: FIGS), which saw its stock jump in its debut at the end of May. Robinhood rolled out the feature on May 20th.

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