Employment Screening Platform HireRight Prices US$422 Million IPO

Pre-employment background screening firm HireRight (NYSE: HRT) started publicly trading on the New York Stock Exchange today. The firm’s initial public offering is looking to raise US$422.22 million.

The offering will be conducted through the issuance of 22.22 million common shares selling at US$19.00 per share.

The company granted the underwriters a 30-day over-allotment option to purchase additional 3.33 million common shares at the same IPO price. Credit Suisse and Goldman Sachs & Co. are all acting as lead bookrunners for the said offering.

The firm also relayed that it intends to use the offering proceeds on repaying indebtedness, unwinding certain interest rate swaps, and for general corporate purposes, including continued investment in operating systems and technologies.

The offering is expected to close on November 2, 2021, subject to customary closing conditions.

The platform provides background screening services for potential job candidates for more than 40,000 customers across the globe. The firm said that it has screened over 20 million job applicants, employees, and contractors for its customers in 2020.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Antimony Resources Drills 5.27% Sb Over 4.95 Metres In Latest Results

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Related News

Railroad SPAC Integrated Rail and Resources Acquisition Prices US$200 Million IPO

Special purpose acquisition company Integrated Rail and Resources Acquisition Corp. (NYSE: IRRXU) went public today...

Friday, November 12, 2021, 02:10:00 PM

Clean Transition SPAC Monterey Capital Acquisition Prices Downsized US$80 Million IPO

Special purpose acquisition company Monterey Capital Acquisition Corporation (Nasdaq: MCACU) started trading its securities on...

Wednesday, May 11, 2022, 02:19:00 PM

Biotech Firm PepGen Prices US$108 Million IPO

Biopharmaceutical company PepGen, Inc. (Nasdaq: PEPG) began trading on the Nasdaq Global Select Market on...

Monday, May 9, 2022, 02:27:00 PM

Capco Founder-Led SPAC Motive Capital II Prices Upsized US$300 Million IPO

Special purpose acquisition company Motive Capital Corp II (NYSE: MTVC.U) went public today on the...

Tuesday, December 7, 2021, 02:22:00 PM

Financial SPAC HCM Acquisition Prices US$250 Million IPO

Special purpose acquisition company HCM Acquisition Corp (Nasdaq: HCMAU) started trading publicly on the Nasdaq...

Friday, January 21, 2022, 02:29:00 PM