HireRight Completes $422 Million IPO
HireRight Holdings Corporation (“HireRight” or the “Company”) (NYSE: HRT), a portfolio company of General Atlantic, recently completed an initial public offering of 22,222,222 shares of common stock at $19.00 per share, generating gross proceeds of approximately $422.2 million. HireRight intends to use the net proceeds for general corporate purposes, including repayment of outstanding debt. The Company has granted the underwriters the right to purchase an additional 3,333,333 shares of common stock within 30 days of the offering.
Baird served as a bookrunner on this offering.
AboutHireRight is a leading global provider of technology-driven workforce risk management and compliance solutions. HireRight provides comprehensive background screening, verification, identification, monitoring, and drug and health screening services for more than 40,000 customers across the globe. The Company offers its services via a unified global software and data platform that tightly integrates into its customers’ human capital management (“HCM”) systems enabling highly effective and efficient workflows for workforce hiring, onboarding, and monitoring. In 2020, HireRight screened over 20 million job applicants, employees and contractors for its customers. HireRight is headquartered in Nashville, Tennessee.
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Drawing from more than 40 years of experience investing in over 400 global growth companies, General Atlantic partners with entrepreneurs and management teams who are building leading, high-growth businesses. As of June 30, 2021, the firm has approximately $65 billion in assets under management and focuses on investments across five sectors, including consumer, financial services, healthcare, life sciences and technology. Founded in 1980, General Atlantic is headquartered in New York, New York.
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- November 2021
- HireRight Holdings Corporation
- Equity Capital Markets
- Technology & Services
Human Capital Technology & Solutions
- Target Location
- North America
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