HireRight Holdings Corp

HireRight Holdings Corp (HRT) priced its initial public offering on Nov 1, 2021 at $19.00 per share, below its $21.00–$24.00 range, raising $422.2M, and listed on NYSE. At the IPO price its market capitalization was about $1.51B. Credit Suisse was lead-left underwriter, joined by Goldman Sachs, Barclays and Jefferies and others. Paul, Weiss advised the company and Latham & Watkins advised the underwriters.

HireRight Holdings Corp provides technology-driven workforce risk management and compliance solutions, including background screening, verification, identification, monitoring, and drug and health screening. It serves more than 40,000 customers through a software platform integrated with their HCM systems.

Status

IPO

Ticker

HRT

Exchange

NYSE

Priced

Nov 1, 2021

IPO price

$19.00

Price range

$21.00–$24.00

Raised

$422.2M

Market cap at IPO price

$1.51B

First filed

Oct 6, 2021

Underwriters

Credit Suisse, Goldman Sachs, Barclays, Jefferies, RBC Capital Markets, William Blair, Baird, KeyBanc, Stifel, Truist, SPC Penserra and R. Seelaus

Company counsel

Paul, Weiss

Underwriters' counsel

Latham & Watkins

Sector

Business services

Country / state

TN

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.