HireRight Announces Princing of Initial Public Offering
HireRight Announces Princing of Initial Public Offering
August 8, 2007 – Irvine, California – HireRight, Inc. (NasdaqGM: HIRE), a leading provider of on-demand employment screening solutions, today announced the pricing of its initial public offering of 4,375,000 shares of its common stock at an initial price to the public of $15.00 per share, which included 1,420,885 shares being offered by certain selling stockholders. HireRight’s common stock will be listed on the NASDAQ Global Market under the symbol “HIRE.”
The shares are being sold through underwriters led by Credit Suisse Securities (USA) LLC as the sole book-running manager, Robert W. Baird & Co. Incorporated as co-lead manager, and CIBC World Markets Corp., Piper Jaffray & Co. and William Blair & Company, L.L.C. as co-managers. The selling stockholders and HireRight have granted the underwriters a 30-day option to purchase up to an additional 656,250 additional shares to cover over-allotments, if any.
A copy of the final prospectus relating to the offering may be obtained by contacting Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, New York 10010, or by telephone at 800-221-1037.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or sale will be made only by means of the written prospectus forming a part of the effective registration statement.
About HireRight
HireRight is a leading provider of on-demand employment background and drug screening solutions that help organizations efficiently implement, manage and control their employment screening programs.
