First Advantage Corporation (FA) Prices Upsized 25.5M Share IPO at $15/sh

June 23, 2021 5:12 AM EDT

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First Advantage Corporation (“First Advantage”), a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital, today announced the pricing of its upsized initial public offering of 25,500,000 shares of common stock at a price to the public of $15.00 per share. Of the offered shares, 19,875,000 shares are being sold by First Advantage, and 5,625,000 shares are being sold by certain existing stockholders of First Advantage. First Advantage and the selling stockholders granted the underwriters in the offering a 30-day option to purchase up to an additional 3,825,000 shares of common stock, of which up to 2,981,250 shares would be sold by First Advantage and up to 843,750 shares would be sold by certain existing stockholders of First Advantage.

The shares are expected to begin trading on the Nasdaq Global Select Market on June 23, 2021, under the symbol “FA.” The offering is expected to close on June 25, 2021, subject to customary closing conditions.

Barclays, BofA Securities and J.P. Morgan are acting as lead bookrunners for the offering. Citigroup, Evercore ISI, Jefferies, RBC Capital Markets, Stifel and HSBC are acting as bookrunners, and Citizens Capital Markets, KKR Capital Markets LLC, MUFG, Loop Capital Markets, R. Seelaus & Co., LLC, Ramirez & Co., Inc. and Roberts & Ryan are acting as co-managers for the offering.

A registration statement on Form S-1 relating to the offering has been filed with and declared effective by the Securities and Exchange Commission (the “SEC”). Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.



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