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Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.
CLEAR Closes Initial Public Offering
- Client News
- July 2, 2021
Paul, Weiss advised CLEAR Secure, Inc. in its initial public offering of 15,180,000 shares of Class A common stock at $31 per share. The initial public offering generated net proceeds of approximately $444.7 million for the company, which will be used for general corporate purposes. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Allen & Company LLC and Wells Fargo Securities, LLC acted as lead book-runners for the offering.
CLEAR’s mission is to enable frictionless and safe journeys using its users’ identity. With more than 5.6 million members and 100+ unique locations and partners across North America, CLEAR’s identity platform connects its users to the cards in their wallet.
The Paul, Weiss team included corporate partners Brian Janson, Brian Scrivani and Gregory Ezring and counsel Patricia Vaz de Almeida and Frances Mi; tax partner Brad Okun; executive compensation partner Jean McLoughlin and counsel Cynthia Akard; intellectual property partner Claudine Meredith-Goujon and counsel Michael Kurzer; and litigation partners Jeannie Rhee and Jeh Johnson, and counsel Steven Herzog.