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

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

RAW Rolling Papers Founder Josh Kesselman Eyes Unique IPO With QR Code Shares

Josh Kesselman, the founder and CEO of RAW Rolling Papers, has unveiled an unconventional vision...

Tuesday, June 11, 2024, 01:20:00 PM

Apparel Brand Allbirds Prices US$303 Million IPO

Footwear and apparel brand Allbirds, Inc. (Nasdaq: BIRD) started trading on the Nasdaq Global Select...

Wednesday, November 3, 2021, 02:17:00 PM

Cannabis-Focused Finance Company Altmore Capital Files For Nasdaq IPO

Specialty finance company Altmore BDC, Inc., also known as Altmore Capital, is looking to go...

Wednesday, February 9, 2022, 02:27:00 PM

Beverage Firm Westrock Coffee To Be Taken Public In A US$1.1 Billion SPAC Merger

Beverage brand Westrock Coffee Holdings entered into a definitive business combination agreement with special purpose...

Wednesday, April 6, 2022, 02:26:00 PM

SEMRush: Analyzing Data To Extract Consumer Insights – The Daily Dive

Starting off this week on the Daily Dive is that of Eugene Levin, chief strategy...

Monday, May 10, 2021, 01:30:00 PM