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HR platform provider First Advantage sets terms for $298 million IPO

First Advantage, which provides technology solutions for human capital management, announced terms for its IPO on Monday. The Atlanta, GA-based company plans to raise $298 million by offering 21.3 million shares (16% insider) at a price range of $13 to $15. At the midpoint of the proposed range, First Advantage would command a fully diluted market value of $2.1 billion.

First Advantage is a leading global provider of technology solutions for screening, verifications, safety, and compliance related to human capital. Its comprehensive product suite includes Criminal Background Checks, Drug/Health Screening, and Extended Workforce Screening, among other features. The company derives a substantial majority of its revenues from pre-onboarding screening, performing over 75 million screens on behalf of more than 30,000 customers in 2020.

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Posted Under: Breaking News

Post By Ken Shafton (1,250 Posts)